Completing the T2201 Form
The T2201 form is the official code for the Disability Tax Credit Certificate in Canada. In order to qualify for this tax credit a T2201 form must be completed and sent into the Canada Revenue Agency (CRA).
The government of Canada recognizes the challenges of living with a disability. This is why tax benefits are available for those who qualify for the disability tax credit certificate. A person that has a disability is encouraged to use this tax savings as a way to support high living costs in addition to supplementing his or her income for the time it takes to manage the symptoms of disability. Any citizen can apply.
Have you explored the T2201 form? Are you considering how to apply for tax benefits? Do you have questions about the disability tax credit certificate?
Many people have questions about the T2201 form, filling out the disability tax credit certificate, and applying for benefits from the government of Canada. Here are some popular questions asked on the National Benefit Authority’s blog, Disability Living:
What do I need to know about the T2201 form?
– This form is approximately 9 pages long.
– Certain sections of this form must be filled out by a medical doctor.
– A doctor also needs to certify this form.
Why must a doctor fill out this form?
– This is a way to prove that you have a disability and are therefore entitled to tax benefits.
– A doctor verifies that the individual is disabled according to CRA requirements which is necessary to qualify.
– A medical practitioner according to the CRA includes: optometrists, audiologists, occupational therapists, physiotherapists, psychologists, speech- language pathologists, or other medical doctors.
What happens after I submit the form?
– The Canada Revenue Agency will need to review the T2201 form to determine whether or not you qualify for the disability tax credit certificate.
– This process can take several weeks or months.
What else do I need to know about the T2201 form and the tax credit?
– If you qualify to receive tax benefits, you may also receive retroactive payments. This will also be determined by the Canada Revenue Agency. To be awarded back pay, it will be necessary to have tax returns from (up to 10) previous years.
If the T2201 form confuses you, know you are not alone. Applying for the disability tax credit certificate is not a simple process. This is why there are services available to help people with disabilities get the money that is reserved for them from the government of Canada.
The National Benefit Authority is a disability tax credit agency that serves the disability community of Canada. Benefit professionals offer free consultations and can help fill out the T2201 form. Contact the National Benefit Authority (http://www.thenba.ca/free-consultation.html) with questions you have about applying and qualifying for the disability tax credit certificate.
Being awarded disability benefits can be a long, drawn out and sometimes complicated process. Get answers to your questions so you can apply soon. This way, you will secure the benefits you need and are entitled to.