I regularly receive inquiries from families with disabilities about whether they need to report tax on their Registered Disability Savings Plan (RDSP), especially during tax season. Given the...
Category: Financial Insights for Canadians with Disabilities
So you have submitted the Disability Tax Credit application. You have high hope for it, but it came back with a denied notice. You’re probably wondering why – Did I miss something? Or did the CRA...
What’s Next After You Submit the Disability Tax Credit Application?
Now that you've finally submitted your disability tax credit application, what's next? The first thing you should do is sit back and relax, as the process can take some time. The government will...
How to apply for Disability Tax Credit? (approval tips that work)
Many families told me they are unsure how to apply for the Disability Tax Credit. If you are also looking to do so, this is the perfect post for you! Just a quick recap, Disability Tax Credit is a...
Disability Tax Credit (Easy-to-Understand Guide with life examples)
If you or someone in your family has a severe and prolonged disability, you should check out the Disability Tax Credit. The disability tax credit (DTC) is a non-refundable tax credit....
Who can be the Qualifying Family Member of an RDSP? (2023 Update)
Ever since the announcement of the recent Federal Budget, I’ve been keeping a close eye on the latest news to ensure that more families are fully informed about its potential impact. If you recall,...