BUSINESS Tips
Home Business Education Entertainment Health Jobs Lifestyle Society Technology Travel Vehicle
BUSINESS TAXES Frequently Requested Questions on Disability Tax Benefits
 

Frequently Requested Questions on Disability Tax Benefits

By: Cameron Callum | Nov 15 2013 | 491 words | 829 hits

Here are some of the most frequently asked questions about the disability tax benefit and the way it works.

1. What is Disability Tax Credit score or Incapacity Tax amount? A disability tax credit also known as Disability Tax Amount is indeed a non-refundable tax credit used to reduce the income tax payable for the certified individuals.

2. Who is certified for the Disability Tax benefits? Individuals certified for the disability Tax benefit score should have impairment in physical or psychological functions that survived or is expected to last for a continuous period of at least 12 weeks. A certified practitioner certifies that the impairment is severe and completely prolonged. Qualified practitioners are doctors, optometrists, audiologists, occupational therapists, physiotherapists, psychologists and speech-language pathologists.

3. Which psychological and physical problems affecting an individual could make him/her certified for Disability Tax Benefits? To see the list of problems certified for tax benefits, please visit the “Disabilities List” page.

4. Will I still be legible to implement for a disability tax benefits score even if I do not have a taxed income because my disability prevented me from going to work?

Yes. The Disability Tax benefits score can be moved to assisting close relatives to reduce their taxed income. Qualifications for the disability tax benefits are not determined by your annual taxed income.

5. My son/daughter is under 18 and has a disability. Can she declare disability tax benefits even if she/he does not have a taxed income? Yes. The disability tax benefits score can be moved to assisting close relatives so that the child with the disability can declare the child disability tax credit.

6. How long does it take to receive the disability tax credit? And do I have to pay tax for it?

Once your claim is filed with the CRA it may take up to a highest possible of 6 several weeks for the institution to process the claim. However, the average time is 16 weeks, or four months. Disability Tax benefits score expenses are usually made in 3 instalments. No, you don’t have to pay taxes for it. The money is non-taxable.

7. I am currently receiving expenses from the WCB. Will my WCB expenses be affected if I’m certified for the Disability Tax Benefits?

Generally no. The WCB does not consider the Disability Tax Benefits score in its computation of the net income when in the process of determining the base amount for which your compensation rate applies to. Your provincial WCB can give you a complete description of their computation method of the net income.

8. I have had disability since birth. Is the Disability tax benefits score retroactive?

Yes. You may file the retroactive claims for a highest possible of the previous 10 years under the Taxpayer Relief provisions.

9. Can I still implement for Disability Tax Benefits score based on restrictions that I have had in the past years?

Yes. You can implement for the credits/ benefits as long as your restriction survived continuously for at least one year.

 


About author:
Cameron Callum is the author of this article and writes articles for his own website. For further details disability tax benefit and child disability tax credit please visit the website.  
Next 20 articles in category: Taxes
  • Why Paying for Tax Resolution Services and Tax Updates Is Important May 24 2013
  • May 24 2013
  • Streamline Your Corporate Tax Preparation Dec 21 2012
  • Dec 21 2012
  • The Significance of Taxation Consulting Firms Apr 9 2012
  • Apr 9 2012
  • Affordable Tax Relief Services by Renowned Tax Relief Companies Apr 4 2012
  • Apr 4 2012
  • Tax Relief Firms- Assuring Perfect Tax Settlement Feb 5 2012
  • Feb 5 2012
  • Tax Relief Services for Amicably Handling Debt Crisis Jan 21 2012
  • Jan 21 2012
  • Get Maximum IRS Tax Relief by Contacting an Attorney Dec 19 2011
  • Dec 19 2011
  • Online Tax Return Makes Simple Your Life. Dec 18 2011
  • Dec 18 2011
  • Significance of Tax Relief Lawyers to Clear off Tax Debts Nov 29 2011
  • Nov 29 2011
  • How to Clear Off Debts Conveniently? Nov 29 2011
  • Nov 29 2011
  • Advantages of Working with an Umbrella Company Nov 29 2011
  • Nov 29 2011
  • Using Contractor Umbrella Company as a new contractor Nov 24 2011
  • Nov 24 2011
  • Using Contractor Umbrella Company as a new contractor Nov 24 2011
  • Nov 24 2011
  • Contract Lawyer Texas Expert - Providing you Contract Law Protection Just in Case Sep 30 2011
  • Sep 30 2011
  • Texas Litigation Lawyer - Stand a Fighting Chance! Sep 29 2011
  • Sep 29 2011
  • Got Tax Issues? Tax Litigation Lawyers Can Help! Sep 27 2011
  • Sep 27 2011
  • Setting up a company - Simple Tips Sep 27 2011
  • Sep 27 2011
  • Ask Questions When You are Hiring a Tax Accountants? Sep 22 2011
  • Sep 22 2011
  • The Benefits of an Umbrella Company for UK Employment Sep 21 2011
  • Sep 21 2011
  • Mainly Simple Tax Questions Answered with Tax Accountants Sep 21 2011
  • Sep 21 2011

    Questions on Disability

    Business

    Accounting
    Advertising
    Affiliate Programs
    Article Marketing
    Ask an Expert
    Auctions
    Audio Video Streaming
    Banking
    Bankruptcy
    Blogging
    Book Reviews
    Branding
    Business
    Business Ideas
    Business News
    Business Opportunities
    Careers
    Classifieds
    Conference
    Construction
    Consumer Electronics
    Corporate
    Credit
    Credit Cards
    Currency Trading
    Customer Service
    Day trading
    Debt Consolidation
    Debt Management
    Digital Products
    Direct mail
    Domains
    eBay
    Ebooks
    Ecommerce
    Email Marketing
    Employment
    Entrepreneurs
    Ethics
    Ezine Marketing
    Ezine Publishing
    Ezine Sites
    Family Finance
    Finance
    Forums
    Free Web Resources
    Fundraising
    Graphic design
    Graphology
    Home Business
    Human Resources
    Insurance
    International Business
    International marketing
    International Property
    Internet Business
    Internet Marketing
    Investing
    Investments
    Leadership
    Leasing
    Link Popularity
    Loans
    Management
    Manufacturing
    Marketing
    Marketing tips
    Medical Business
    MlM
    Mortgages
    Movie Reviews
    Multimedia
    Mutual Funds
    Negotiation
    Network Marketing
    Networking
    New to the Internet
    Newsletters
    Non Profit Organizations
    Online Business
    Online promotion
    Organizational
    Other Business
    Outsourcing
    Personal Finance
    Podcasts
    PPC advertising
    Prepress
    Presentation
    Press releases
    Printing
    Product Reviews
    Project management
    Public company
    Public Relations
    Real Estate
    Reciprocal Links
    Retail
    Retirement
    RSS
    Sales
    Search Engines
    Security
    Sem
    SEO
    Shopping
    Site Promotion
    Small Business
    Smo
    Social marketing
    Spam
    Stock Market
    Strategic planning
    Taxes
    Team
    Trading
    Traffic Generation
    Training
    Transportation and Logistics
    UK Property Investment
    Video
    Viral marketing
    Wealth Building
    Web Design
    Web Development
    Web Hosting
    Website Monitoring
    Work At Home
    Workplace safety