Getting taxes assessed is a tough task. Taxes are much scarier, for people who those are disabled or a family member who cares for such a challenged person. The tax system can solve any of these problems. To fulfill the Disability Dreams here is a short note for the disabled and for the thoughtful people who take care of them. Are you interested in finding out a system that helps in promoting the health of challenged people? Just click Resna.org to get all the details you require, regarding the access of the challenged people to technological solutions.
Following are some measures taken by the government for the benefits and navigations of the challenged people.
DTC is a tax credit which is not refundable that can be availed by people who have prolonged mental or physical disability or if they are disabled for not less than a year or if they are unable to perform their everyday activities. DTC has reduced the personal tax and also has opened up with many benefits for the challenged people.
If someone cares for a person who is disabled mentally or physically, then FCA can be claimed against the tax that is non-refundable.
Spouse Amount: A person can claim the spouse amount if he or she had aided the disabled person anytime and when the income of the challenged person is not more than the threshold sum.
Parents Minding A Challenged Child
· CCED: CCED permits the deduction of expenses on childcare for the Canadians who are working. The parents of the disabled child, or related caretaker under the age of 18 are not eligible to be caregivers for the reasons of CCED.
· CDB: CCTB includes CDB as a benefit given monthly for monetary assistance to families considerate for children who have prolonged disability and serious impairment mentally or physically. Every child who is eligible for DTC is provided with benefit monthly by CDB.
This program permits a disabled person or any person who is related to the challenged person is entitled to DTC to withdraw a sum of money up to $25,000 from RRSPs to build or purchase a home.
WITB Supplement For Disability
WITB supplement is a tax credit that is refundable, and this permits tax relief for entitled working people with low income. WITB supplement for disability can be availed by people who meet the criteria for DTC.
RDSP is a savings plan which is long term. This scheme enables the families of the challenged and the disabled persons for future savings. RDSP is provided to individuals who are under the age of 60 having prolonged disability, and they are entitled to DTC.
RMES is provided to people with low-income who have paid impairment support expenses or medical expenses. A self-employed or employed person whose income exceeds the threshold sum is entitled to RMES.