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Posts Tagged ‘canada’

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Question: 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

Special Report: U.S. data dogs on quest for sexier statistics

By Emily Kaiser

Myriad Canadian tax credits

Question: For my child that lived abroad with my parents, can I claim child tax credit and dependent?

My daughter spent most of the last year with my parents abroad. We did provide support for her living cost. Can we claim her as our dependent? Can we claim child tax credit? Thanks!

Answer: The following assumes your child is under 19 or under 24 and a full-time student.

To be your “qualifying child”, your child will have had to live with you or your spouse for more than half the year. Therefore, your daughter cannot be your “qualifying child.” Because of this, you will not get the child tax credit.

Are your parents US taxpayers? If so, then your child is the “qualifying child” of your parents, since your child did not provide over half of her own support. Your parents may claim her as a dependent and get the child tax credit, even if you supported the child.

If your parents are not US taxpayers, then your child is your “qualifying relative” as long as you have provided over half of her support. You can claim a dependency exemption for her but no credits associated with “qualifying child” such as the child tax credit.

Ohio Gov. Ted Strickland accuses John Kasich of helping the super rich while in Congress

Democratic Gov. Ted Strickland attacks the congressional voting record of his Republican opponent, John Kasich.

VP Biden on Economic Expansion for the Middle Class

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

‘Workmanlike’ Budget all about jobs, says Fraser

Treasurer says his third Budget tomorrow will be all about keeping Queenslanders in jobs amid a fragile economic recovery.

Self-employment Why Not?: A Disabled Person’s Guide to the Benefits, Tax Credits and Other Help Available When Considering Self-employment …

Moving into Work: A Disabled Person’s Guide to the Benefits, Tax Credits and Other Help Available When Considering Any Kind of Work …

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…

Helping Homeowners: Community Housing Resource Center

Daw: Tax software so quick that missing something is easy

Readers register complaints after tax software makers admit to missing a tax reduction in 2009. But companies say users miss things, too.

In Canada – The Politics of Choice.(tax credits for private school tuition): An article from: Phi Delta Kappan $5.95 This digital document is an article from Phi Delta Kappan, published by Phi Delta Kappa, Inc. on September 1, 2001. The length of the article is 1361 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 DetailsTitle:…

Open for Questions: Higher Education

Question: WORKING TAX CREDIT CLAIM?

I sent my form off just a little over a week ago. My neighbour has just told me that royal mail have not been collecting from the post box right outside my front door for the last few days which made me wonder whether anything had been collected in the last week! I have called the working tax help line and the guy told me that there is nothing on their systems showing that my form has been received. He told me to call back in another week as it can take upto two weeks for them to register that they have received it. I know I can only have 3 months backdated – I have already lost two months because I was told I wasnt entitled to it! Has anyone else had any bother with the working tax offices? I’ll be really bugged if i call back in a week and they havent received it – in their own envelope too!

Thanks in advance for your answers

Answer: I would be firstly contacting Royal Mail to ask why they haven’t been collecting post from your post-box, and if they still haven’t collected get another application written up (a pain I know) and sent to the DWP through your post office, they’ll ensure it’s put in the bag for the postie to collect later that day.

Leave it for two days then call the DWP for an update on whether they have received the form and keep on top of them otherwise they’ll tell you to call back in a week or so, then it’ll go on and on. If you hassle them, they’re more likely to deal with your claim more quickly. I’d also explain in the meantime to the DWP of the problems you have faced and ask that this is taken into consideration with your claim given the 3 month back-dating rule that they are stating.

Good Luck x

Jackson Hewitt® Reminds Small Business Owners to Take Advantage of New Tax Credit for Employee Health Care

/PRNewswire-FirstCall/ — Thanks to a new tax credit, qualifying small business owners can now reap tax benefits for providing health care to eligible employees. The Small Business Health Care Tax Credit is part of the Patient Protection and Affordable Care Act (Health Care Act) signed into law by President Obama on March 23, 2010. Starting with the 2010 tax year, employers that meet certain …

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