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What is the Disability Tax Credit Certificate?

September 14, 2013
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The best disability support program is a non-refundable tax credit that is not subject to Canadian tax. A person who is markedly or significantly restricted can apply for the Disability Tax Credit. To apply, the Canada Revenue Agency (CRA) requests a completed T2201 form; this is also known as the Disability Tax Credit Certificate.

the-disability-tax-credit-certificate

Often times, terminology related to the Disability Tax Credit is confusing. Benefit Specialist can offer insight into these definitions. The National Benefit Authority is equipped to claim $1,500 to $40,000 for people with disabilities. Considering the amount of paperwork and communication that is involved throughout the application process, it is wise to know some of these terms.

To start, the certificate differs from the Disability Tax Credit.

Disability Tax Credit Certificate

Essentially, this is the T2201 form. The Disability Tax Credit Certificate acts as a self-assessment. It must be filled out by the applicant and his or her medical practitioner. This form is then submitted, reviewed, and accepted by the CRA.

The “certificate” is not like it sounds; it is not something a person receives after filing a successful claim. Rather, a successful T2201 form gives a person the chance to claim the Disability Tax Credit.

As with all government tax documents, it is a good idea to keep and organize forms, papers, and notifications from the NBA and CRA. This can protect a person’s best interest and reduce frustration.

The Disability Tax Credit

The Disability Tax Credit is available to a person who files a successful T2201 form. With this tax credit a person is welcomed into a government disability support program. Now, the individual can apply the annually adjusted “disability amount” to income tax forms.

The benefits are non-refundable and not subject to Canadian tax. Money can be used for any purpose. It is intended to lift financial burdens and alleviate medical expenses.

If a Disability Tax Credit Certificate is successful, a person may be eligible to receive additional disability support benefits. After qualifying for the Disability Tax Credit, it is possible to receive the Registered Disability Savings Plan (RDSP), as well as the Canada Disability Savings Bond (CDSB), and Canada Disability Savings Grant (CDSG).

The benefits available with this plan are available to people who are markedly and significantly restricted. While many people are eligible, few will file successful applications. Confusing paperwork and disorganization in government systems can discourage people from receiving money that is reserved for them.

The government of Canada has funds set aside for people with disabilities. Filing the Disability Tax Credit Certificate with the National Benefit Authority enables an individual to receive the money owed to him or her. With guidance and support, Benefit Specialists are available to talk about unique circumstances. They are knowledgeable about laws and terminology. Connect with the most trusted people serving the disability community of Canada. Call the NBA at 1888-389-0080 or fill out this form for a free consultation: http://www.thenba.ca/free-consultation.html.

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