Disability Tax Credit - DTC (usually called disability amount)
You can claim this Disability Tax Credit if you have a severe prolonged mental or physical impairment.
Many people with disabilities (just as often a family member or caregiver) are missing important tax credits and may have significant unclaimed tax refunds from previous years.
Disability Tax Credit can be transferred to a supporting person or a related caregiver (person who pays income tax) a person who provides help and support DTC may be transferred to that person.
This disability tax credit is probably one of the most commonly missed and valuable tax credits available to taxpayers.
The Disability Tax Credit is Tax Free and will not affect your taxes at all.
Please note that disability tax credit is a separate credit from you income tax return.
A Disability Tax Credit application can be done at anytime throughout the year.
Claiming Disability Tax Credit
Claiming this tax credit is complex, open to interpretation as to eligibility and is time consuming.
Even if you did not qualify for disability tax credit in the past, it is worth applying again as the eligibility criteria has recently changed.
Also this disability tax credit is often overlooked because of a belief that disability tax credit is restricted to individuals confined to a bed, wheelchair or perhaps the blind.
You can make your claim for disability tax credit if you feel you qualify for it.
If eligible and you have paid taxes in past years, you can apply the disability tax credit far back as 10 years.
You do not require a lot of income to benefit from Disability Tax Credit, but TAXABLE INCOME is required in order to claim any monetary refund before applying.