The Federal Tax Credits Blog

Archive for the ‘Disability Credits’ Category

Question: Have qualified for disability tax credit from the past 10 years,?

|How does theCRA calculate this for the reassessment of my income tax for those years? Does the amout of income tax paid those years have a grand affect? From Ontario Canada and years 1999-2009, thanks in advance!!!! Have been approved for the disability tax credit….

Answer: The disability tax credit has nothing to do with the amount of tax you paid. The federal part is the same no matter where in Canada you live, the provincial part may be different, for Ontario in 1999 the federal and provincial amount was worth about $1,200.00 more of a refund, each year it went up a little bit. For the 10 years you are looking at a refund of about $12,000.00 plus interest.

Northwest Calendar

TODAY SATURDAY, NOVEMBER 20 CHRISTMAS SWAG WORKSHOP — Vickers Heights Community Centre, 1695 Broadway Ave., will hold a Christmas swag workshop today, 10 a.m.-2 p.m. Suitable for all ages. $25, includes all material & instruction. Call 577-9694 or 623-7750 to register.

Question: What disability financial supports are available in Alberta for Autism? (FSCD)?

I currently live in Ontario and receive the disability tax credit, ACSD (assistance for children with severe disabilities-) and a respite care allowance from Family Respite services. I know that if I move to Alberta I will receive the disability tax credit still but ACSD and family respite is Ontario only. I have heard of FSCD (Family Support for Children with Disabilities). Does anyone know the maximum amount given for this program (weekly, monthly or yearly)? ACSD gives a maximum of $420 per month so I am wondering if FSCD is close to that. Also, are there any other financial assistance programs for parents of severely disabled children?

Answer: Call the county up and ask~

Sluggish Canadian economy retreats in July

The Canadian economy retreated slightly in July, as manufacturers faced limited demand from domestic consumers and a still-sluggish U.S. market.

Government Grants Aimed At Debt Relief – The Personal Grants

Question: Tax question in regards to CPP?

A few years ago I was deemed as disabled both by Revenue Canada and Canada Pension and stated receiving a disability pension from CPP. I also filled out a T2201 form for the disability tax credit and was approved by Revenue Canada. I was sent a letter in regards to my Canada pension and I quote ” RETIREMENT BENEFITS from the effective date of your benefit you can no longer contribute to the CPP plan. You may use this letter to inform your employer.” Now in Nov 2009 I was employed and asked at Service Canada about this issue and was told that as Long as I am working I have to pay CPP so I have been paying it. When I used Quick Tax to do my 09 taxes they filled out a form for CPP reimbursement and are getting all my contributions back. I don’t really know who is right or where to ask so I thought I would throw it out here. Please respond to dalerussell240@msn.com Thanks

Answer: First, if you resume working, in most instances your CPP disability benefits will stop. Once they stop, you continue to contribute CPP premiums.

http://www.servicecanada.gc.ca/eng/isp/cpp/receive.shtml#e5

You do not contribute while you are receiving CPP disability benefits.

http://www.servicecanada.gc.ca/eng/isp/pub/cpp/disability/benefits/section2a.shtml#contributions

It can be tricky qualifying for a disability credit

No one wants to have a disability. It can be something physical that shows, or one that doesn’t, but it is something that doesn’t let you do what you’d like to do. It impairs your quality of life. It changes things.[...]

Question: Disability and Taxes?

We are a gay couple that have been living together for a year and a half now, my boyfriend is disabled and gets benefits. My question is since my income supplements his living and I able to recieve a tax credit for claiming him on my taxes? We obviously are not married, so perhaps in this instance it would aid in getting a tax credit where as by law we are not family and i am taking care of him?

Answer: Yes according to 2006 1040 pages 20 and 21. Declare him as a dependant.

Unum Group Completes Senior Notes Offering

CHATTANOOGA, Tenn.—-Unum Group announced today that it has completed an offering of senior notes. A total of $400 million aggregate principal amount of 10-year senior notes was issued today with an annual coupon rate of 5.625 percent.

Are you one of the “lesser people”?

The network: How government, politics and enterprise intersect in this region

If you paid taxes in Allegheny County in the last 20 years, a sliver of the bill went to members of an informal network of people whose businesses make millions providing services to government, while some simultaneously play roles in politics.

Fiscal Commission Public Forum 3 of 7