What the disability tax credit means for eligible Canadians and their families

Author: External Author | | Categories: Income Tax Preparation , Tax Accountant , Tax Planning , Tax Services

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Federal Budget 2021 proposed expanding eligibility for the disability tax credit (DTC) in the areas of mental functions and life-sustaining therapy. This is welcome news for thousands of Canadians who didn’t previously qualify. Not only does DTC eligibility offer immediate tax savings, but it opens the door to other tax benefits and programs to assist eligible Canadians with disabilities.

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Original Article Source Credits:   Advisor's Edge , https://www.advisor.ca/

Article Written By:  Rebecca Hett

Original Article Posted on:  May 14, 2021

Link to Original Article:  https://www.advisor.ca/tax/tax-news/what-the-disability-tax-credit-means-for-eligible-canadians-and-their-families/



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