Have you been thrown out of work because of a debilitating physical or mental condition? If so, priority number one should be getting healthy. Number two, should be getting the money you need to cover everyday expenses like gas, groceries and utilities.
The Revenue Service of Canada allows people like you to receive the disability tax credit, a deduction that can potentially add up to thousands of dollars each year. Before you can apply, however, you need to learn whether you qualify.
So, who can clan claim the disability tax credit? In order to receive the credit, you must meet all of the following criteria:
- You Must be a Taxpayer – The tax credit is a deduction, so in order to receive it, you must earn enough income (or have earned, before becoming disabled) to pay income tax each year.
- Your Condition Must be Severe – The Revenue Service has a list of criteria for determining whether a condition can be considered severe (details are provided on the application form). Essentially, your doctor must demonstrate that day-to-day functions are significantly impaired, or that you depend on regular, “life-sustaining” therapy.Mental conditions as well as blindness and impaired hearing can also make you eligible for disability tax credit. The point is that you are unable to work because of a disability.
- Your Condition Must be Prolonged – Once the severity of your condition has been established, your doctor must sign a separate page confirming that the problem has lasted, or is expected to last, for at least 12 months.
You may be unsure whether your particular injury or condition makes you eligible. If you’d like to get advice from an expert on the disability tax credit, look no further than Disability Credit Canada. Our professional staff can help determine your eligibility.