You will also gain access to different governmental and provincial benefit programs, such as the Registered Disability Saving Plan (RDSP). You can potentially receive up to 10 years of retroactive refunds, an annual refund moving forward as well as an additional Child Disability Tax Benefit if your child is the one impaired.
Once approved for the Disability Tax Credit, you will be able to receive the refunds you are deemed eligible for.
#CANADA REVENUE AGENCY SCHEDULE 7 HOW TO#
We hope that by the end of this guide, you will have a firm grasp of what the DTC is, how to apply, and any additional resources you can use to help build a strong case in your favour. Our goal is to help educate and inform Canadians on the various aspects of the DTC application process, from understanding the DTC’s eligibility criteria to filling out the T-2201 form. Specifically, the Disability Tax Credit amounts, the application process, and other relevant information.Īlthough the Disability Tax Credit program has been available since 1988, many Canadians and their medical practitioners have a problem understanding it fully, and consequently, the DTC is grossly under-utilized by otherwise eligible Canadians. To help shed light on this underutilized tax program, inform Canadians of the DTC’s various financial benefits, and de-mistify the application process, we wrote this comprehensive guide. NOTE: The following Disability Tax Credit guide has been updated as of February 2021 to ensure all information is accurate and up to date.
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