countsmart
countsmart
Count Smart
4 posts
Don't wanna be here? Send us removal request.
countsmart · 1 year ago
Text
Financial Help for Everyday Heroes: Your Guide to the Disability Tax Credit (DTC) in Canada
Tumblr media
Canada is a country that values inclusivity, and the Disability Tax Credit (DTC) is a program that reflects this commitment. If you or someone you know faces a disability, the DTC can offer significant financial support to help manage the extra costs associated with daily living. This FAQ, leveraging insights from Count Smart [link to Count Smart's Disability Tax Credit page], addresses your questions about the DTC and how it can benefit you.
What is the Disability Tax Credit (DTC)?
The DTC is a non-refundable tax credit offered by the Canada Revenue Agency (CRA) to help people with disabilities reduce their income tax owing. What is the Disability Tax Credit in Canada? This credit acknowledges the additional expenses often incurred by individuals with disabilities, such as:
Special medical equipment or therapy
Attendant care
Modifications to a home or vehicle
Who is Eligible for the DTC?
To qualify for the DTC, you must meet the following criteria:
You have a severe and prolonged impairment in mental or physical function.
Your impairment limits your ability to perform daily activities.
You meet the eligibility requirements outlined by the CRA.
How Do I Apply for the DTC?
The application process for the DTC involves obtaining a completed form T2201, Disability Tax Credit Certificate, from a qualified medical practitioner. This form will document your impairment and its impact on your daily activities. Count Smart offers valuable resources to guide you through the application process.
What are the Benefits of Claiming the DTC?
The DTC can offer significant financial relief, reducing your federal income tax owing and potentially increasing your tax refund. In some cases, you may also be eligible for additional benefits and provincial programs.
How Can Count Smart Help?
Count Smart understands the complexities of navigating the DTC application process. They offer a wealth of resources, including guides and helpful tips, to ensure a smooth and successful application. What is the Disability Tax Credit in Canada?
Remember: The Disability Tax Credit is a valuable program designed to support Canadians with disabilities. If you have questions or are unsure about eligibility, consult with a medical professional or visit the Count Smart website for more information.
0 notes
countsmart · 2 years ago
Text
Is Alzheimer's a Qualifying Condition for the Disability Tax Credit in Canada?
Tumblr media
Navigating the intricacies of tax credits and benefits in Canada, especially in cases involving conditions like Alzheimer’s disease, can be overwhelming. Barbara Mentus, the founder of Count Smart and an authority on navigating the Disability Tax Credit in Canada, is here to help. If you or a loved one is dealing with Alzheimer’s, Barbara can provide expert guidance on determining your eligibility for the Disability Tax Credit (DTC) in Canada and assist with the complex application process.
Understanding the Disability Tax Credit (DTC)
The Disability Tax Credit (DTC) is a valuable non-refundable tax credit provided by the Canadian government. It's designed to aid individuals with severe and prolonged impairments in either physical or mental functions, as well as their caregivers. The DTC can lead to substantial tax savings, providing crucial financial support for those facing the challenges of disabilities.
To qualify for the DTC, individuals must have a Severe and Prolonged Impairment. This means that the person's condition significantly limits their ability to perform one or more basic activities of daily living for an extended period, typically at least 12 months.
Alzheimer’s Disease and the Disability Tax Credit
Alzheimer’s disease is a progressive and incapacitating neurological condition characterized by memory loss, cognitive decline, and a profound impact on daily life activities. Given the severe and prolonged impairment associated with Alzheimer’s, it can indeed qualify for the Disability Tax Credit.
Alzheimer’s disease typically leads to severe cognitive impairments and memory loss. Over time, these symptoms worsen, significantly limiting the individual’s ability to perform daily tasks. This aligns with the DTC’s eligibility criteria for a severe and prolonged impairment.
While Alzheimer’s disease itself can qualify for the Disability Tax Credit, Barbara advises that it’s essential to seek professional and medical advice to properly complete the application.
Other Considerations
Family Caregivers: Family members providing significant care for individuals with Alzheimer’s may also be eligible for certain tax credits and benefits. Understanding these options can help maximize financial support during caregiving. Barbara can assist your family in navigating these benefits.
Retrospective Claims: In some cases, individuals with Alzheimer’s may be eligible for the DTC retroactively, allowing them to claim credits for previous years. This retrospective option can provide a substantial financial boost and ease the financial burden associated with the condition. An accountant with expertise in the Disability Tax Credit program can help explore this possibility.
The process of applying for the DTC can be intricate. Count Smart, a trusted name in the field, specializes in assisting individuals and families in preparing and submitting Disability Tax Credit applications. They have the expertise to ensure that your application meets all CRA requirements, potentially leading to significant financial relief during challenging times.
Remember, you’re not alone in this journey. Understanding your rights and accessing the support available through programs like the Disability Tax Credit can make a meaningful difference in the lives of those affected by Alzheimer’s disease.
0 notes
countsmart · 2 years ago
Text
Is the Disability Tax Credit beneficial for individuals living with diabetes in Canada?
Tumblr media
The Disability Tax Credit (DTC) is a tax credit provided by the Canada Revenue Agency for people who are living with a medical condition that significantly impacts their ability to perform basic everyday activities or requires them to spend at least 14 hours per week on life-sustaining therapy. 
Particularly for diabetics, this can include activities related to monitoring and treating your condition, such as testing your blood sugar levels, administering insulin injections, or maintaining a log. 
Barbara Mentus is a renowned specialist in the Disability Tax Credit program and founder of Count Smart Medical & Disability Refund Specialists. She answers some of the most common questions about how the disability tax credit program can help people with diabetes in Canada. 
CAN CAREGIVERS FOR INDIVIDUALS WITH DIABETES ALSO BENEFIT FROM THE DISABILITY TAX CREDIT?
Yes, the Disability Tax Credit can be claimed by the person with diabetes or their caregiver. Barbara’s advice for diabetics and their caregivers is if you believe you are eligible for the Disability Tax Credit, you should seek guidance from a qualified healthcare provider or an accountant specializing in the disability tax credit program. These professionals can help ensure that all necessary documentation is included and that your application is completed correctly, providing the best chance of success. The DTC can provide financial relief and peace of mind, allowing you to focus on getting or providing the care and support needed. 
ARE THERE ANY POTENTIAL DRAWBACKS OR CONSIDERATIONS FOR INDIVIDUALS WITH DIABETES APPLYING FOR THE DISABILITY TAX CREDIT?
Barbara assures you that applying for the Disability Tax Credit has absolutely no repercussions on any other benefits. 
The refunds are generated by taxes that you have paid or a family member has paid and do not have to be claimed as income with exception of any refund interest you may receive which in most cases in very minimal.  What people don’t understand is that you are recovering your own money you have paid in taxes. 
The application process for the DTC is quite complex, because there are many variables that could render an application denied if it is not done correctly. With many years experience in this field, Barbara and her team do what they do best. 
WHAT RESOURCES ARE AVAILABLE FOR INDIVIDUALS WITH DIABETES SEEKING MORE INFORMATION ABOUT THE DISABILITY TAX CREDIT?
For more information about the Disability Tax Credit and its application process, Barbara says you can start by contacting the tax professionals at Count Smart. The Canada Revenue Agency’s website explains the program in detail as well as provides the eligibility criteria. If you are looking for resources and support for living with diabetes, your local chapter of the Canadian Diabetes Association is a great place to start. 
HOW CAN THE DISABILITY TAX CREDIT ALLEVIATE FINANCIAL STRESS FOR INDIVIDUALS WITH DIABETES AND THEIR CAREGIVERS?
Barbara knows that managing your diabetes can be time-consuming and expensive, and the financial burden is stressful. The Disability Tax Credit can alleviate some of this financial stress by providing significant tax savings, helping to offset some of the costs you incur. If you are living with diabetes or caring for someone who is, the DTC can provide peace of mind, allowing you to focus on your health. 
Barbara highlights the significant financial relief the DTC can provide for individuals living with diabetes. The tax credit helps mitigate the expenses associated with managing diabetes, offering peace of mind and the ability to focus on your health. It is crucial for individuals and caregivers to consult qualified healthcare providers or tax professionals for guidance in accurately completing the application process for the disability tax credit program. The DTC not only provides financial assistance but also reinforces the support available to individuals with diabetes and their caregivers in effectively managing this chronic condition. Contact Barbara and her team at Count Smart to get answers to all your questions about the disability tax credit
0 notes
countsmart · 2 years ago
Text
ADHD & Autism Disability Tax Credit Eligible Conditions
Tumblr media
The disability tax credit program is a tax refund administered by the Canada Revenue Agency to help taxpayers get back some of the costs associated with disabilities, including ADHD and Autism. With the assistance of one of our refund specialists, claiming disability tax credit has never been easier. We’re here to help you get the financial relief you deserve through the disability tax credit for children.  
Frequently Asked Questions About Disability Tax Credit for ADHD & AUTISM 
We understand that raising and nurturing a child with ADHD or Autism can be complex and challenging. However, claiming your disability tax credit shouldn’t be. With a dedicated Count Smart refund specialist by your side, filing for disability tax credit for children is made simple. To help you better understand the disability tax credit program, we’ve compiled a list of frequently asked questions for your convenience. 
What Is The Disability Tax Credit Program? 
The disability tax credit program is a non-refundable tax credit provided by the Government of Canada to help individuals with eligible medical conditions reduce the taxes they owe at the end of the year.  
Why Should I Apply For The Disability Tax Credit Program? 
Adults and children with ADHD or Autism may require extra guidance with overcoming daily challenges. Assistive devices, medicine, therapy, and other related medical costs can place significant financial stress on parents and caregivers. The disability tax credit is an easy way to recover medical fees that you paid for out of pocket. 
How Do I Know If My Child Or Dependent With Adhd Or Autism Is Eligible For The Disability Tax Credit Program?  
Eligibility is determined based on a few credentials: severity of the impairment, duration of the impairment and the cumulative effect of the limitations produced by the impairment. ADHD and Autism fall under the mental functions category according to the Government of Canada. These include: 
Adaptive functioning 
Attention 
Concentration 
Goal-setting 
Judgement 
Memory 
Perception of reality 
Problem-solving 
Regulating behaviour and emotions 
Verbal and non-verbal comprehension 
Can I Claim Disability Tax Credit On Behalf Of My Child Or Dependent? 
Yes. You may file your disability tax credit claim for yourself, a partner, or a dependent. Disability tax credit is available for both individuals with the medical condition(s) or their caregivers. The tax credit will be transferred to the parent for children under 17. 
I Previously Applied For Disability Tax Credit And Was Denied. Is It Worth Applying Again? 
Yes. Some of the reasons you may have been denied previously include incomplete forms, missing information, or misrepresentation of your child’s condition. It’s easy to make mistakes, which is why getting assistance from one of our refund specialists is the best way to ensure that all required documentation is completed accurately. With our guidance, you can ultimately improve your chances of approval on your disability tax refund application. 
Am I Eligible For A Refund For Previous Tax Years? 
Yes. You may be eligible for prior years. Disability tax credit is retroactive for up to 10 years prior.  
We know that living with a disability comes at a cost, but that cost should never be your financial wellbeing and your peace of mind. Disability tax credit for children is a hassle-free way of recuperating from steep medical expenses.  
Count Smart is here for you every step of the way when claiming disability tax credit for ADHD and Autism. Call our toll-free number at 1-844-832-1777 or fill out our online form to book a free consultation with us today!
1 note · View note