Saturday, 4 June 2016

The Reason Why Disability Tax Credit Canada Is Vital

By Jessica Phillips


Commonly abbreviated as DTC, this credit was established to improve the living standards of people with any kind of impairment. The impairment can be physical such that you may have weak legs, may be blindness, deaf and the other impairment is mental related. Mental impairment is a situation where an individual is suffering from memory loss. Disability tax credit Canada is there to bring equality to people with physical and mental challenges.

Some common conditions that may see a person qualify for DTC include cognitive issues where a person is not able to recognize people a condition commonly referred to as memory loss. Alzheimer, ADHD, depression and Dementia is also associated with cognitive issues. Poor hearing ability is also considered impairment in Canada. Those individuals suffering from breathing disorders like sleep apnea, severe asthma and tuberculosis will definitely qualify or be eligible for DTC. When one has some upper body mobility problems they are advised to seek for medical attention and if it prolongs for more than twelve months then consider applying for DTC.

An individual who has been paying tax for some years, they can claim a refund of their money once they are found eligible for this DTC. This amount may include supplement for individuals who are under eighteen years of age. The reason for this DTC is because of the fact that these people usually incur extra expenses in their daily lives as compared to other people.

The purpose of DTC is to offer for greater levy equity by simply allowing relief for disability expenditure. Being eligible for DTC can basically open doors to many other federal, territorial and provincial programs such as working income tax benefit, registered disability plan for saving and not forgetting child disability benefit.

This is the case because many people with minor medical conditions lack advice from their tax adviser, medical practitioner and even levy department. A lot of people think that such initiatives are only meant for those people suffering extreme disability which is not the case. The steps for applying are as follows. There are mainly four steps involved.

For residents in Canada they can make use of BMD to facilitate the release of their refund. Many people living in Canada have medical conditions that may actually qualify them for DTC but since they lack someone to guide them, they end up not following up with the process. People can receive an amount not exceeding $25,000 annually once they qualify.

This amount is given in the current and consequently in the subsequent years. There are numerous conditions that basically qualify a person for this DTC. People with weak hips and legs should apply for this benefit. People with weak legs cannot walk on their own hence they need to purchase a wheel chair and probably hire a person to push them around. This extra cost they incur makes it important for them to apply for DTC.

People with digestion disorders such as Colitis, Crohn, prostate and inflammatory bowel disorders will be eligible. The next category is for people with limited upper body mobility. Such people may have shaky hands, weak arms, neck and back problems. The fourth category is breathing disorders. Disorders may include Emphysema, COPD, Chronic asthma, Tuberculosis, and Sleep Apneas are eligible for DTC. The fourth category is for people with hearing impairment such that they need hearing aids may also be eligible. Lastly individuals with memory loss problems are advised to apply for DTC.




About the Author:



No comments:

Post a Comment