Archive for the ‘Disability Credits’ Category
Canada Disability Tax Credit Amount
July 25th, 2010Question: Disability Amount Transfer?
I received a letter from Revenue Canada letting me know my daughter has been approved for the Disability Tax Credit she was born in Sept 2006 and recently diagnosed with Autism the letter states that because I did not have any taxable income from 2006-2008 the disability amount will not result in any additional refund for me, so my question is would my husband be able to claim the disability amount for those years as he was working and if he is able to claim it how would I go about that fill out a T1_ADJ for those years.
Answer: It is simple and straight forward.You would tell them to adjust line 318 of schedule 1 to include the “disability amount transfered from a dependent” The previous amount would be 0 the amount of change would the same as the revised amount which would be the full amount of the credit in the year applicable.
The amount for 2008 is 7,021
2007 6,890
2006 6,741
There is no calculation on your part but you must fill out one for every tax year. Be sure to include a copy of the disability tax credit letter you received from the CRA.http://www.cra-arc.gc.ca/E/pbg/tf/t1-adj/t1-adj-08e.pdf
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Tax Disability Credit Form
July 2nd, 2010
Question: How can I get a refund for a donation while on disablity?
Here is my problem, I donated a car to a charity that is able to get a tax credit of at least $500, but we did not work in 2009 we lived off of my husbands disability check all year. So we are not supposed to file a tax return on disability. So how can I go about getting that $500 for the donation? Is there a form or something that I can send in just for that??
Answer: Car Donation. If you donate a qualified vehicle to a qualified organization and you claim a deduction of more than $500, you can deduct the smaller of: * The gross proceeds from the sale of the vehicle by the organization, or * The vehicle’s fair market value on the date of the contribution.
The donation deduction is itemized deduction, which is reported on schedule A (Form 1040). You will take deduction only if your itemized deductions are more than your standard deduction. For this reason many tax filer do not get any deduction for donations.
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Tax Disability Credit
June 7th, 2010
Question: we get tax credits if I get disability living allowance for myself will we receive more tax credits a week?
does it matter the rate of disability allowance i get?
Answer: depends what tax credit you get, if its just child tax credit then no it wont make a difference that your getting dla at any rate, if your getting working tax credit or you partner is in a joint claim with you then yes you will get more money, i think its about £32.00 a month, thats how much i get and im getting dla at higher rate for mobility
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| | Panel proposes tax aid for disability, program expenditures still needed.(Disability)(Technical Advisory Committee on Tax Measures for Persons with Disabilities): An article from: Community Action $5.95 This digital document is an article from Community Action, published by Community Action Publishers on January 24, 2005. The length of the article is 478 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation DetailsTi… |
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