subject: Disability tax Season is approaching Tax season 2011 [print this page] Disability tax Season is approaching Tax season 2011
As the grass begins to turn from a brown orange to green here in Toronto, We begin to realize that summer is around the corner. For some, that means walking around in dresses and runing shoes and worrying about sunburns again. For others that means being able to go outside for leisurely walk around the block with our caregiver.
In the panic of meeting the deadline to file your personal income taxes you might forget to tell your tax preparer that you may or may not be eligible to claim disability tax credits. That is where HandyTax comes in Handy when filing your 2011 income tax return.
sping showers (April) also also equates to Tax Time. Collect all those employment income slips (T4s) and other income slips (T3 and T5) and bring them to you accountant. Oh, and don't forget about your medical expense receipts from the pharmacy and optometrist.
HandyTax helps disabled Canadians complete the necesary paperwork and tax adjustments for disability tax credits on their 2011 personal income tax (T1) returns. We all need advocates, and we are your advocate to the Canada Revenue Agency.
Becoming eligible for the Disability Tax Credit can also may qualify you for other benefits such as the Child Disability Benefit CDB, refundable medical medical expenses, the Registered Disability Savings Plan RDSP, the ontario tax reduction (ontario only), the Working Income Tax Disability Benefit WITB . It is no longer only used as a way for offsetting the additional costs of disability for those with a taxable income.
What make this credit interesting is that in some cases it can be transferred to a supporting family member. While this requires quite a bit of paperwork and is confusing to some, there are in some cases financial benefits. We suggest having a professional assess your case to determine if there may be a benefit to you or a loved one who has supported you financially be providing either food shelter or clothing.
As soccer season kick into full swing and the NHL playoffs begin, spend time on the activities you love and enjoy. Be with family, go to the gym... leave the boring tax stuff to the professionals you will be glad you did.
If you need us to have a look at your taxes, complete an authorizing or cancelling a representative form and send it back to us.
Enjoy the nice weather, get outside, take your dog for a walk, get excited, summer is around the corner
