The Gateway:  Maximizing the Impact of the Disability Tax Credit

In addition to reducing income tax through a non-refundable credit, the Disability Tax Credit (DTC) serves as a gateway to a wide range of additional tax benefits and government programs. Eligibility for the DTC can unlock enhanced credits, financial supplements, and long-term savings opportunities that go well beyond the tax return. Understanding how the DTC connects to these broader supports is essential for maximizing financial stability—both for individuals living with disabilities and the family members who support them.  Unfortunately, many taxpayers miss this credit and their tax and financial advisors can certainly help when this happens.

We conclude our Synthetic Dispositions series this week with a look at holding period rules.

In our Disability Awareness series we have discussed income sources such as CPP Disability Pension, and EI. We continue that discussion with the tax consequences of other income sources that are available to those who have suffered a disability.

Achieve double-digit returns in your plans for Real Wealth Management™ with your clients with our T1 Professional Tax Preparation – Basic course. Learn to prepare returns using 3 popular tax software programs, too! Check out our cool new Virtual Campus as well. Call to enrol on June 26 and save $200! 1-866-953-4769.

The Take Home Pay Calculator provides quick answers to aid in decisions about taking a new job in a different province or changing withholdings by adjusting your TD1 or filing Form T1213.

Invest in your team. Earn your designation. Earn your DFA-Specialist™ or MFA™ designation and enhance your professional development in a meaningful way. Enrol by June 30 and receive best tuition rates.

What’s my business worth? If you or your business owner clients have ever pondered this question, you won’t want to miss this session.