Monday, January 25, 2021
-16 °c
Cornwall
-8 ° Tue
-6 ° Wed
-12 ° Thu
-16 ° Fri
-16 ° Sat
-13 ° Sun

No products in the cart.

download our APP
  • About
    • Contributors
    • Disclaimers
    • Giving back
    • Mission Statement
    • Past Issues
    • Where to Find
    • Call us at 613-935-3763
  • Get The Seeker at Home!
  • Advertise with us!
COVID-19 Response Framework: As of 12:01 AM on December 26, the EOHU region is at the GREY-LOCKDOWN level for 28 days.
  • Home
  • News
  • Leisure & Lifestyle
  • Community & Columnists
  • Events
    • 5 questions with…
  • Disclaimers
  • Merch
No Result
View All Result
The Seeker Newspaper Cornwall
  • Home
  • News
  • Leisure & Lifestyle
  • Community & Columnists
  • Events
    • 5 questions with…
  • Disclaimers
  • Merch
No Result
View All Result
The Seeker Newspaper Cornwall
Home News and Announcements

Tax Tip 6

Josee Sauve by Josee Sauve
March 16, 2016
in News and Announcements
Reading Time: 9min read
23 1
14
SHARES
158
VIEWS

The DISABILITY TAX CREbillionphotos-1163682DIT (DTC) is a non-refundable credit offered to disabled individuals or can be claimed for dependants that are disabled. In order to claim this credit, you must pay taxes. If your payable tax is zero, applying for this credit will not produce a refund for you. Anyone can apply for the DTC and the list of accepted conditions which include Sleep Apnea, ADHD, Irritable Bowel Syndrome, MS, MD, and an endless list of approximately 500 disabilities that may qualify. When approved, if the physician who completes the application provides the date of diagnosis in the past, an individual could be looking at up to 10 years of tax dollar credits adding up to approximately $17,000.

There are many companies out there who prey on the disabled by making it appear that you need a DTC “Promoter” in order to get this credit. After years of these promoters taking up to 30% of individual’s credits, the CRA is finally trying to curb them by implementing the DTC Promoters Restrictions Act which will limit the maximum fee a promoter can charge for their services. Promoters will also claim that they can earn you up to $35,000 but that also involves investing the original $17,000. It doesn’t take a special promoter to apply for this credit – all you have to do is complete your portion of the form and have the physician who is most familiar with your condition complete his portion. The process takes roughly 3 months.

You might also like

Statement from the Medical Officer of Health on the Delay of In-Person Learning in the EOHU Region

How to Take Your Trading to The Next Level

Sweet news from the Ontario SPCA and Humane Society – National Cupcake Day™ goes virtual

If you are already a Sauve Tax Services client, please contact me directly or visit my website at http://sauvetaxservices.ca/tax-tips-2/disability-tax-credit for more information.

If you are NOT a Sauve Tax Services client, please contact Revenue Canada at 1-800-959-8281 for more information
.

Author

  • Josee Sauve

    Tips from the Tax Mam

Next Post

Breaking Up Is Hard To Do – Actually, It’s Downright Devastating!

Place YOUR ad here now
Facebook Twitter Instagram Youtube
The Seeker Newspaper is located at 327 Second Street E., Cornwall, ON K6H 1Y8 -- All rights reserved
The Seeker does not accept responsibility for errors, misprints or inaccuracies published within. The opinions and statements of our columnists are not to be presumed as the statements and opinions of The Seeker
ISSN 2562-1750 (Print)

ISSN 2562-1769 (Online)
No Result
View All Result
  • Home
  • News
  • Leisure & Lifestyle
  • Community & Columnists
  • Events
    • 5 questions with…
  • Disclaimers
  • Merch

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
X
X