mercredi 4 mai 2016

How To Claim Your Disability Tax Credit

By Larry Reynolds

For those suffering from any form of disability, it is important to understand that the government has put in place a number of measures to caution them against the tough reality of life. However, in order to take advantage of these benefits set aside by the government, you need to get informed on what exactly it is that you can enjoy from and whether you qualify for the same or not. The disability tax credit is considered a non-refundable tax-credit used to reduce the tax burden (income tax) for those who are eligible.

Even though these benefits are there and are well stated in the law, not many people are aware. The few who are aware may not know that they also qualify for the benefits. Even after being aware that one qualifies, the process of claiming the benefits is also tedious. The process can also be intimidating making it important for the agencies responsible for undertaking the process of spreading the information.

The first step is always to find at if you qualify and what particular benefit you qualify for. Generally, the conditions are classified into physical impairment and mental conditions that hinder normal life quality. These are the people who have to spend a lot of their income in treatment and their professional life as well as social life gets disrupted.

This benefit is described as a non-refundable tax credit and is used to lower the income tax burden for the disabled. The eligibility is the issue. Basically, the eligibility can be determined by looking at three factors. These are the pre-conditions for eligibility. The first consideration is a strong case of an impairment of the physical or mental condition.

As to the question of eligibility, it can vary widely from one person to the next. However, there are three pre-conditions to help determine the eligibility. The first condition is a strong case of an impairment of the physical or mental function of an individual. The second condition is that this impairment has been persistent or is likely to persist for a period not less than one year. The last condition is the confirmation by a licensed health professional which culminates in being given a certificate that allows for this kind of tax credit.

There are lists of conditions that may make you qualify, but the list is not limiting. This is why a qualified doctor needs to conduct an assessment and certify whether one qualifies or not. Once confirmed, the next process is to apply for the benefit.

It is important that the doctor specifies in this certificate the nature of the disability, how it impacts on your life and that it has persisted for over one year or is likely to persist for that period. With this certificate, all it takes is to present it to the relevant authorities and get your benefits.

In some cases, those who qualify for the benefits may not necessarily be earning and thus have no income to be taxed. Such people can nominate their common law partners for the said benefits.




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