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5 Important Statistics about the Disability Tax Credit

September 29, 2013
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Too many people are not receiving money government owes them. The Canada Revenue Agency has money reserved for people with disabilities. Those who have mental and physical challenges are able to access these funds by applying for the Disability Tax Credit. Unfortunately, potential beneficiaries are not aware of what the Disability Tax Credit is and how it will benefit them.

5 Important Statistics about the Disability Tax Credit 5 Important Statistics about the Disability Tax Credit

There is a lot to learn about this disability support program. The five statistics below offer an overview of what the Disability Tax Credit is and how it benefits Canadians. In addition, professional Benefit Specialists can help an individual understand his or her unique circumstances.

5 Important Statistics about the Disability Tax Credit

1) It is estimated that there are about 3.1 million Canadians with some type of impairment. This is about 12 percent of the population. In other words, there may be one disabled person in every family unit.

2) The Minister of Finance estimates that about 100,000 disabled Canadians have yet to file the Disability Tax Credit Certificate. These people are likely to qualify for the Disability Tax Credit if they fill out forms correctly.

3) The Disability Tax Credit defines disability differently than some other disability support programs in Canada.

This definition includes “individuals who have a severe and prolonged impairment in physical or mental functions.” This encompasses everything from severe migraines to amputations and even Alzheimer’s disease. It means there are probably many people who qualify for the Disability Tax Credit but do not realize their conditions are defined as disabilities.

4) In 2008, nearly 900,000 people qualified for the Disability Tax Credit and the caregiver tax credit.

5) Many Canadians don’t believe they will get much money if they qualify for the
Disability Tax Credit. However, the government of Canada has an estimated 400 million dollars (give or take depending on the year) for this tax credit option.

If nothing else, these facts ought to spark interest in the Disability Tax Credit. To learn more about the application process, contact a Benefit Specialist for a free consultation. The National Benefit Authority helps thousands of people with disabilities get the money owed to them from government.

To learn more about the Disability Tax Credit and how to file a successful application, team up with the most trusted name in disability support. Call the National Benefit Authority (at 1888-389-0080) or fill out this online form for a free consultation.

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