Valuable Tips
Would you like to learn more about our services? Here are some additional resources and links that can help.
Income Tax Recovery: How We Can Help You
Many individuals are unaware of the tax benefits available to those facing mental or physical challenges. The government allows eligible individuals to file for tax adjustments for up to ten previous years. Here’s what this could mean for you:
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If eligible, you can receive reimbursement for income tax paid over the past ten years, including applicable interest.
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On average, we recover between $17,000 and $25,000 for our clients, with some recoveries exceeding $50,000.
Additional benefits of hiring us to process your Disability Tax Credit and review past taxes include the following:
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Potential transfer of tax credits to family members.
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Positive adjustments to family members’ tax returns when arranged strategically.
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Thorough review of reassessments to ensure accuracy.
Commonly overlooked items we have identified on past tax returns include:
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Unused RRSP receipts
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Improperly calculated or underutilized medical expenses
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Unclaimed carrying charges
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Missed union dues and donations
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Forgotten moving expenses
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Unclaimed spousal and child support deductions
Additional Valuable Tips
The application process can be challenging, so it is crucial that it is clear and detailed, without any vague, missing, or contradictory information. Here are some tips to help ensure your application is thorough and accurate:
Tip #1
Never make a determination about your eligibility yourself, let one of our DTC specialists assist you.
Tip #4
We are tax specialists in recovery and planning solutions.
Tip #7
You cannot open a Registered Disability Savings Plan account until you have qualified and received the Disability Tax Credit.
Tip #10
The DTC must be renewed because it does expire, unless you have been granted the DTC indefinitely.
Tip #2
Acquiring the DTC gives you access to other helpful financial solutions you would otherwise not be eligible to utilize.
Tip #5
We have helped clients from all across Canada complete this process with ease.
Tip #8
Many people who apply for the Disability Tax Credit never investigate the additional benefits, missing out on thousands of dollars.
Tip #11
Once you have the Disability Tax Credit, it is important to file your taxes with someone who understands the intricacies of this special tax program.
Tip #3
If you have been impaired for 10 years or more you could be entitled to tax refunds amounting to thousands of dollars.
Tip #6
Proper filing for the Disability Tax Credit is a specialized service and requires professional knowledge to ensure that it is done properly.
Tip #9
In 2004, the Disability Tax Credit was amended to include a wide range of impairments, and many people are unaware that they are now eligible.
Useful Links
Below are some helpful links to further explore the resources available to you.
www.cra.gc.ca/disability
Canada Revenue Agency (CRA) information for people with disabilities.
www.cmha.ca
Canadian Mental Health Association provides services and information for persons with mental health issues.
www.ldac-acta.ca
Learning Disabilities Association of Canada provides resources and information including links to provincial and local associations.
https://www.canada.ca/en/employment-social-development/programs/disability/savings.html
Registered Disability Savings Program (RDSP) provides information on the savings program including government bonds and grants.
www.alzheimer.ca
Alzheimer Association of Canada provides information and resources for people with Alzheimer Disease and their caregivers.
www.diabetes.ca
Canadian Diabetes Association provides information on diabetes with links to provincial organizations.
