*This is not financial advice, please seek a tax professional for guidance.*
Overview: The DTC is aimed at providing tax relief for individuals with severe and prolonged impairments, helping to offset the costs associated with disabilities by reducing income tax obligations.
Eligibility Criteria:
To qualify for the DTC, applicants must meet specific criteria based on the effects of their impairments rather than just their diagnoses. The eligibility categories include:
- Feeding, Mental Functions, Hearing, Speaking, Vision, Walking, Eliminating (bowel or bladder functions), and Life-Sustaining Therapy: Each category has distinct criteria regarding the severity and duration of the impairment.
- Cumulative Effect: Individuals with limitations in multiple categories may still qualify if the combined effect is equivalent to a marked restriction in one category.
The DTC is an important resource for individuals with disabilities, offering financial relief through tax credits. Understanding the eligibility criteria, application process, and how to claim the credit can help maximize the benefits available. For any uncertainties, consulting with a tax professional or the CRA can provide additional guidance. This information is particularly relevant for ostomy patients who may qualify for this support.
See if you qualify by following the link below: