The Disability Tax Credit And How To Claim It
An accident, illnesses, chronic conditions and natural events can all lead to a situation where a person who was in initially who was initially in a perfect condition becomes disabled. In fact, the affected person may lose his or her job and the economic life, as well as social life, gets disrupted. The government well understands the difficulty faced by these people and a number of benefits have been set aside for them. The National Benefits Authority is a body that has been established to make it easier for those who qualify to get the benefits such as the disability tax credit and similar benefits for the disables.
However, how well do those eligible understand how to take advantage of these benefits? This is the big question. To begin with, there is a list from the government authorities outlining all the conditions that can be used to determine if an individual qualifies or not. In broad terms, the conditions can either be associated with a physical impairment, mental illness or chronic conditions that have a significant hindrance to the life of the individual.
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.
However, how well do those eligible understand how to take advantage of these benefits? This is the big question. To begin with, there is a list from the government authorities outlining all the conditions that can be used to determine if an individual qualifies or not. In broad terms, the conditions can either be associated with a physical impairment, mental illness or chronic conditions that have a significant hindrance to the life of the individual.
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.
About the Author:
Find out whether you are eligible for disability tax credit in Canada by reviewing the related info online. The website you should check out right away is enclosed here http://firstsupport.ca.
