Disability Tax Credit and more

Supports introduction

The Disability Tax Credit gives you an extra tax credit, meaning money in your account. This post assumes you were employed, perhaps newly diagnosed with any range of lifelong afflictions that are covered by the Disability Tax Credit (DTC), after employment ends, and retirement age is so far away. Do you depend on it? Will you, if you qualify? There are many reasons to submit your taxes, at any stage of your mature life, from when you begin earning a wage in youth and even after employment ends with no taxable income. Do you know of these other professional connections that inclusively help Canadians, including those from BC? This could be a post you read if you suspect “that diagnosis” is in your future, or if you’re not working now for any diverse reason. Illness or injury might be the cause. We cannot escape being called disabled by society, even temporarily, in a healthy life. It’s ALMOST always caused by preventable injury, aka a life lesson. Be Careful. We hope you are far from illness or injury that would prevent you from earning any form of income from working.

CPP and Provincial Disability

As per a real-life story, a fellow worked for 4 years as a computer specialist in a big box store. At home in the 2nd year of employment, an unknown health problem suddenly shows up. A chronic condition was diagnosed, ending a year of tests from June 1999 to June 2000. 2 years later, the person left that job. Employment insurance supported the person for 9 months of ‘Sick Leave’. After that, the only option was the Ministry of Social Development and Poverty Reduction for basic support. The person applied for their Canada Pension Plan (CPP) Disability benefits, having worked the 4 required consecutive years of employment. CPP Disability pays after 4 months of unemployment, but can take a year minimum in some cases for the money to arrive. If a lengthy wait, back pay will be received to cover the dates after those 4 initial months, MSDPR tops up with Provincial Disability after. Both CPP and Provincial Disability end with retirement. CPP reverts down to what would’ve been received at the end of the job if not for disability on the day of the 65th birthday, and the province ends disability support after retirement. The federal government will provide support, if needed, in other areas, such as the Guaranteed Income Supplement. The province also offers support for people older than the age who have disability support.

In Closing

If you need your taxes done, or any help in contacting the supports for persons with an affliction federally, provincially or even age-related, we are around to help you. Give us a call and set up an appointment at 250-563-1852 or contact us via email, hcrspg@gmail.com. We need your help too. Our office is going through tough times. It might not remain open for much longer. We are down to one staff member and volunteers working from home to help you. Contact us to see how you can help us support you and your peers. Or simply click this link that thanks you from our PayPal account!