HandyTax helps Canadians with disabilities and their loved ones receive additional refunds from their current and previous years' personal income tax returns. We also help parents of children with disabilities receive the Child Disability Benefit, and assist homeowners in applying for the Residential Rehabilitation Assistance Program for Persons with Disabilities (RRAP-D) operated by the Canada Mortgage and Housing Corporation (CMHC).
Who Qualifies for Disability Tax Credits in Canada?
Canadians with a marked restriction in daily life function, such as walking or dressing, as determined by the Canada Revenue Agency, qualify for the Disability Tax Credit. Chances are, if you require a mobility device, you have a strong chance of qualifying.
If you do qualify, you and/or a supporting family member may be able to claim Disability Tax Credits from the time your restriction began, for a maximum of 10 years prior. This could mean tax refunds of up to $20,000. The money you receive can be spent in any way you choose. Remember that, if you purchase medical or mobility devices, you will likely be able to claim them as medical expenses on your following year's tax return.
What Benefits are There in Qualifying for the Disability Tax Credit?
- A retroactive tax refund of up to 10 years.
- The ability claim the credit on your future tax returns, depending on the period you were approved.
- A monthly stipend for children with disabilities called the Child Disability Benefit (CDB), which accompanies your Canada Child Tax Benefit (CCTB).
- Qualification for the Registered Disability Savings Plan (RDSP), where the government may match your contributions in the form of grants and bonds.
- The ability to claim the Home Buyers' Tax Credit every time you purchase a home, rather than only the first time.