Access For Sight Impaired Consumers
Finances, Investments & Tax Tips
- Persons with disabilities may qualify for a disability tax credit which can help to reduce your taxable income by hundreds of dollars. Any unused portion of the tax credit can be transferred to a family member too. Disability tax credit eligibility is determined under the Income Tax Act of Canada administered by Canada Revnue Agency (CRA). The eligibility requirements for the Disability Tax Credit can be viewed on-line by following this link. An accessible Disability Tax Credit form (T2201) is downloadable from the CRA web site.
- Under qualifying circumstances, disability support expenses may be eligible to assist in the reduction of taxable income. The following expenses are eligible for the disability supports deduction. Select the expense that applies to you to determine the conditions under which it can be claimed:
- Attendant care services
- Bliss symbol boards
- Braille note-takers
- Braille printers
- Deaf-blind intervening services
- Devices or software
- Electronic speech synthesizers
- Job coaching services
- Note-taking services
- Optical scanners
- Page-turning devices
- Reading services
- Real-time captioning or sign-language interpretation
services
- Talking textbooks
- Teletypewriters
- Tutoring services
- Voice-recognition software
- Persons with disabilities who qualify for the disability tax credit under the Income Tax Act may be eligible for up to $90,000.00 of grant and bond money throughout their lifetime. Visit the Registered Disability Savings Plan (RDSP) to obtain more information.
In order to open a RDSP, one must have established eligibility and registered for the disability tax credit as mentioned in the previous paragraph. The eligibility requirements for the Disability Tax Credit can be viewed on-line by following this link.
- Those who have established a Registered Disability Savings Plan may wish to apply for an additional $150 grant from the Vancouver Foundation.
- Planned Lifetime Advocacy Network (PLAN) is pleased to offer Tax Tips for Families 2006 - tax Information for Families of Relatives with a Disability. This document contains some material to assist in filing taxes; it is not meant to replace the assistance of a chartered accountant nor is it legal advice.
- For families of relatives with disabilities, negotiating the various taxes and credits can be confusing. This guide, Tax Tips for Families, is to raise awareness of the various credits and deductions that families are eligible for. It is not a comprehensive document, and PLAN encourages families to enlist the assistance of knowledgeable accountants if your questions go unanswered, or the information you are looking for is not provided here.
2006 was PLAN’s first year at producing Tax Tips for Families; They welcome your feedback and questions. Subsequent tax booklets will build on existing information and incorporate your stories, specific situations and frequently asked questions. You can through this link. PLAN would like to acknowledge Cinnamon Jang Willoughby Chartered Accountants for contributing their expertise towards this booklet.
Planned Lifetime Advocacy Network (PLAN) is a nonprofit organization,
established in 1989 by and for families committed to future planning and securing
a good life for their relative with a disability. Their goal is twofold: to ensure a safe and secure future for your relative with a disability and, in the process, to provide you and your loved ones with peace of mind. In pursuit of this goal they're inspired by a simple but powerful vision: the vision of a good life for all people with disabilities and their families.
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