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Archive for August, 2013

What-if-the-T2201-Form-is-Denied

What if Your T2201 Form is Denied?

The government of Canada has money reserved for people with disabilities. Through the Canada Revenue Agency’s Disability Tax Credit, a standard deduction is offered and taxable income can be lowered. This frees up funds to supplement an income of a

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A-brief-History-of-Disability-Tax-Credit-1

A Brief History of the Disability Tax Credit

The Canada Revenue Agency has money reserved for people with disabilities. These funds are available to those who are granted the Disability Tax Credit (DTC). The benefit comes in the form of a standard deduction that is applied to an

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Disability-Tax-Credit-and-Divorce

Disability Tax Credit and Divorce

There are a number of challenging decisions to make when dealing with divorce. This type of separation requires more consideration from people with disabilities. When living with a disability or serving as the family caregiver of a disabled child, divorce

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The-Trouble-with-Completing

What’s the Big Deal about the Disability Tax Credit?

If you qualify for the Disability Tax Credit, you may qualify for other disability programs too. This week, the National Benefit Authority (http://thenba.ca/) is exploring how the Disability Tax Credit can save you money in big ways. The agency’s blog,

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Canada-Disability-Savings-Bond-CDSB

Canada Disability Savings Bond (CDSB)

The government of Canada offers financial support to people with disabilities who earn low incomes. This is through a savings bond. The Canada Disability Savings Bond (CDSB) can result in up to $1,000 of annual contributions to an RDSP beneficiary.

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Maximizing-Canada-Disability-Savings-Grant-Contributions

Maximizing Canada Disability Savings Grant Contributions

People with disabilities are offered financial support through the RDSP (Registered Disability Savings Plan). This is a long-term, government held savings and investment account. Setting up an RDSP makes an individual eligible to receive matched contributions through the Canada Disability

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RDSP-Offers-Free-Money-with-“Carry-forward-Measure”

RDSP Offers Financial Support with “Carry-forward Measure”

In 2008, the Government of Canada established the RDSP. The acronym stands for Registered Disability Savings Plan. The government offers financial support to people with disabilities by matching RDSP investments with disability grants and bonds. This program makes it possible

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The-Trouble-with-Completing

The Trouble with Completing the T2201 Form

The code for the Disability Tax Credit Certificate offered by the Canada Revenue Agency (CRA) is T2201. This form can be filed at any time. When it is filled out correctly, it can qualify a person living with disability for

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Two persons exchanging a file as a relay baton.Motion bllur at the background.

How to Transfer the Disability Tax Credit

A person living with a disability may be cared for by a family member. The government of Canada recognizes the amount of time and expenses a family caregiver assumes. This is why there are some liberties that come with filing

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The-Disability-Tax-Credit-Retroactive-Payments

The Disability Tax Credit Retroactive Payments

There is a first time for everything. Applying for the Disability Tax Credit is a big step. This may result in financial support for years to come. Better yet, many people find they were qualified for disability support prior to

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