New Disability Tax Credit Application Form (T2201)
On October 4th, the Canada Revenue Agency (CRA) released a new version of the Disability Tax Credit (DTC) Certificate (Form T2201). The DTC is a non-refundable tax credit that helps people with disabilities or their support person reduce the amount of income tax they may have to pay. Eligibility for the DTC is also a prerequisite to opening a Registered Disability Savings Plan (RDSP), which we’re talking about more than usual right now because October is #RDSPAwareness Month. Everyone should be talking about the RDSP!
Form T2201 is now lengthier—with space for medical practitioners to detail how applicants are restricted under each criteria. Medical practitioners can also fill out their portion of their form online before printing it off for applicants to sign and submit. To view the new form and learn more about how to submit an application, visit: https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t2201.html.
DABC has developed an online tool that you can use to help with conversations with your doctor about your eligibility for the DTC. Check it out here: https://disabilityalliancebc.therightfitbc.org/dtc-app/.
If you need help with the DTC application form or with opening an RDSP, contact rdsp@disabilityalliancebc.org or one of our Access RDSP partners: https://www.rdsp.com/supports-and-services/.