It’s hard to find any silver lining when you’ve been out of work due to an injury or debilitating condition, especially if the problem has affected you for years. But there is good news. The Revenue Service of Canada allows people like you to file for a disability tax credit for the current year as well as past years in which you’ve been unable to work.
Claim Disability Tax Credit for Previous Years
According to the rules of the Revenue Service, you may qualify for an annual credit of up to $1,845, which can be multiplied by the number of past years in which you were disabled. If this is the first time you’re applying, it’s still possible to adjust your return from previous years (thereby getting the money you’re entitled to). You just need prove that the debilitating condition started before the year in which you want your return to be adjusted.
In order get this resolved, you should request a T1 return adjustment at your nearest tax center. The request can be made using the following forms:
- Form T1-ADJ;
- T1 Adjustment Request; or
- A letter detailing the specifics of your situation. It must be signed and include your social insurance number, address, and a daytime telephone number.
You will need to provide medical records proving the time period in which your medical or mental condition began, as well as documents proving you were out of work during that time.
Successfully changing your tax returns to get credit for previous years can turn your disability tax credit from a small sum to thousands of dollars, money you can use to cover medical costs as well as day-to-day expenses.
The paperwork may be intimidating, but it’s definitely worth applying! If you need assistance, give us a call at Disability Credit Canada. We can guide you through the entire process!