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Sunday, 5 June 2016

The Reason Why Disability Tax Credit Canada Is Vital

By Jessica Phillips


DTC is a program that was established for people who are challenged either mentally or physically. The initiative was to strike a balance between the physically challenged and normal people. One of the canons of taxation is equality. Equality cannot be achieved if normal people and disabled people use the same tax rates. This is the reason why disability tax credit Canada was established.

DTC is usually no-refundable tax entitled only to people who are challenged in one way or the other. People who have experienced prolonged impairment are the one at a better position to qualify for DTC. For a person to qualify for registered saving plan for disability, they must first be eligible for DTC. There is another benefit known as working revenue or income levy benefit that people who have qualified for DTC are entitled to.

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.

DTC will slash the amount of cash you were paying as tax. There is also supplement for persons who had not attained the age of eighteen. It is known that people with physical challenges go an extra mile to get things done as compared to other people. This extra mile or cost is what is being rewarded with DTC.

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.

BMD usually specializes in assisting residents in Canada who have serious health issues to simply obtain credits or refunds that are due. There are many residents in Canada with severe medical conditions that still do not know or are not aware they are eligible for DTC. BMD services will help Canadians with serious impairments and individuals with lesser impairments obtain their entitled benefits.

Ask the practitioner you choose or visit to fill out that form for you. The service is definitely not for free and hence one will have to pay. When booking an appointment with the doctor, it is wise to ask the receptionist to tell you how much the service will cost before coming for the appointment. Collect the filled form from your family doctor and send it to relevant authorities.

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.




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