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Feds propose expanding eligibility for disability tax credit


Rudy Mezzetta
The federal government will make it easier to qualify for the disability tax credit (DTC) by expanding eligibility in the areas of mental functions and life-sustaining therapy.
The proposed changes were outlined in the budget released on Monday.
The DTC is a non-refundable tax credit intended to recognize the effect of disability-related costs on the ability to pay tax. For 2021, the value of the DTC is $1,299. A valid DTC certificate is required to access a variety of tax-related programs and benefits, such as the Registered Disability Savings Plan, the Child Disability Benefit and the disability supplement to the Canada Workers Benefit. ....

Jamie Golombek , Registered Disability Savings Plan , Child Disability Benefit , Canada Workers , Income Tax Act , பதிவுசெய்யப்பட்டது இயலாமை சேமிப்பு திட்டம் , குழந்தை இயலாமை நன்மை , கனடா தொழிலாளர்கள் , வருமானம் வரி நாடகம் ,

CRA Parenting Tips: Big Changes Coming to Childcare Benefits in 2021


Image source: Getty Images.
Becoming a parent is a whole new chapter of your life. Planning a baby is not just an emotional decision but also a financial decision. A baby needs constant care and attention. The Canada Revenue Agency (CRA) has some cash benefits and tax deductions for parents.
The CRA’s childcare benefits for parents 
The CRA has divided all permanent child benefits into three segments:
Young children below six years of age
Older children above six but below 18 years of age
Children with physical or mental impairments.
The CRA offers higher benefits for the first and third segments, as they need more care than the second segment. Sometimes, one parent even gives up a job to care for children. This makes it difficult for low- and middle-income earners to manage expenses. ....

United States , Iain Butler , Service Tax , Magna International , Canada Revenue Agency , Child Benefit , Canada Child Benefit , Child Disability Benefit , Canada Recovery Caregiver Benefit , Registered Education Savings Plan , Motley Fool Canada , ஒன்றுபட்டது மாநிலங்களில் , இயேந் பட்லர் , சேவை வரி , மாக்னா சர்வதேச , குழந்தை நன்மை , கனடா குழந்தை நன்மை , குழந்தை இயலாமை நன்மை , கனடா மீட்பு பராமரிப்பாளர் நன்மை , பதிவுசெய்யப்பட்டது கல்வி சேமிப்பு திட்டம் , மோட்லி முட்டாள் கனடா ,