The Federal Tax Credits Blog

Posts Tagged ‘disability’

Question: Benefits available?

I am a single parent and work full time. I have had very severe health problems that require daily treatment and alot of hospital appointments. This isn’t fair on me or my employer and I am considering giving up my job for a few months to get better. I claim working tax credits to pay for my sons nursery place but if I go on disability benefits will I get any help to keep my son in nursery as we both need this place, him as he needs the stimulation and me coz I am not fit enough to look after him full time. Any one know what I am entitled to or in this situation ??

Answer: Just go off sick for a few months to recupe. If you quit work & apply for disability, that will be your lot along with housing & council tax benefit. The whole point of having sick leave is for this reason. I was off sick last year for 6mths and am still attending doctor appointments now but I do this without losing money because it’s standard work entitlements.

Good luck

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Disability Tax Credit Services – Winnipeg

Accounting students offer free tax help

Trained volunteers from Beta Alpha Psi, an honorary organization of accounting majors at UCM, are making themselves available to help students, families and community members prepare their basic tax returns The IRS Volunteer Income Tax Assistance Program (VITA) offers free tax help for low to moderate-income – generally, $49,000 and below – people who cannot prepare their own tax returns.

House Republicans: Bad for Missouri

Question: If you recieve disability but don’t make enough to pay taxes on it can you still get child credits?

How much to you get for 1 child if earnings were only $7600 &
no taxes were taking through the year

Answer: Good news!

If you only had an income of $7600 and you have a child whom you can claim on your return, you won’t have any tax liability, AND you’ll be able to receive the $1,000 tax credit.

A tax credit offsets your tax liability, meaning it decreases your tax or increases your refund by the amount of the credit. Since you have a zero tax liability, filing your tax return will get you a check in the amount of $1,000 from the federal government.

Tax credit welcomed, but more help urged

Ontario’s new tax credit aimed at helping parents enrol their children in a wide range of extracurricular activities is a step in the right direction, say youth group officials.[...]

Couple Of Facts, The Economy & Cheers!

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 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