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HELPFUL INFORMATION AT TAX TIME
Follow these links to information you may find helpful:
Johnston and Company Chartered Accountant specialists in Income Tax planning and preparation click here
Canada Revenue Agency
● Persons With Disabilities - Online
People With Disabilities: What's New
Tax Benefits and Credits
· Child Disability Benefit
· Disability Tax Credit
· Fitness Credit
● New Registered Disability Savings Plan (RDSP)
● other tax resources
Online tax forms
From Revenue Canada:
● Tax Information and Forms for People with Disabilities
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Tax benefits and credits
Information from Revenue Canada:
● Child Disability Benefit (CDB):
A tax-free benefit for families who care for a child under age 18 with a severe and prolonged impairment in mental or physical functions. A Disability Tax Credit Certificate (Form T2201) is required to apply for CDB and must be certified by a qualified practitioner (ie. medical doctor). The form can be submitted at any time, or can be filed as an attachment to your income tax return.
● Disability Tax Credit
The disability amount, also referred to as the disability tax credit, is a non-refundable tax credit that reduces the amount of income tax payable. Part or all of this amount may be transferred to your spouse or common-law partner or other supporting person.
● Fitness Credit
Article
Information from Autism Ontario:
● Additional Fitness Credit Information
from Weekly News for January 11, 2007 from the provincial office of Autism Ontario
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Registered Disability Savings Plan (RDSP)
Information from the Department of Finance Canada:
● October 2, 2007: DRAFT Legislative Proposals to Implement the Registered Disability Savings Plan introduced by the federal government in 2007