If you currently aren’t working because you sustained an injury or have a long-term medical condition, your first thought is the well-being of your family. Medical care can be expensive, and bills are probably piling up.
Processing time for Disability Tax Credit
Fortunately, if you live in Canada you can apply for the disability tax credit from the Revenue Service of Canada. The credit is a tax deduction that can potentially put thousands of dollars back into your pocket. While getting the money is surprisingly simple, a common question is: how long does the disability tax credit take? Here are some things you should keep in mind:
- You Need the Certificate Signed by Your Doctor – You can fill out and sign the certificate (application form) yourself, but certain sections need to be completed and signed by a licensed practitioner.Make sure you consult with your doctor before trying to submit your application. The sooner you get the right approvals, the sooner you’ll have money in your pocket.
- Submit Before Tax Filing – You can conceivably send in the certificate anytime, but if you want to make sure you get the money promptly, mail it in before you file your taxes. The Revenue Service recommends that taxes be filed before the 15th of April each year.
- Wait Four to Six Weeks – Just like your standard tax return, the disability tax credit certificate takes four to six weeks to process. The sooner you get it in, the better. If you submit the application by April 15th, you should have the cash in hand by mid-May.
If you need more detailed information about the timeline for receiving the tax credit, or need help submitting the application, don’t hesitate to contact us at Disability Credit Canada! We can make the entire process as simple as possible. You can also read our guide on the T2201 Disability Tax Credit Certificate.
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