Other Benefits of The Disability Tax Credit (DTC)
Thank you for all your support in spreading awareness about the RDSP this RDSP Awareness Month!
To close out the month, we have updated our infographic on the other benefits of the Disability Tax Credit. The infographic is below, and for accessibility purposes we have described the infographic directly below it.
You can also download a PDF version here: https://disabilityalliancebc.org/wp-content/uploads/2023/10/DTC-other-benefits-infographic.pdf
You may know that being approved for the Disability Tax Credit (DTC) can enable you to open a Registered Disability Savings Plan (RDSP). But did you know about the other benefits and credits it can help you access?
Contact DABC’s Access RDSP Staff at Local: 604-872-1278, Toll-free: 1-800-663-1278
or rdsp@disabilityalliancebc.org.
If you’re employed The DTC will allow you to claim: Up to $737 through the supplement to Canada
Workers Benefit (CWB) (Image: A graphic of a person with blonde hair sitting in a wheelchair, flying a banner that says “Hired.”
If you have children the DTC can help you claim:
- The Disability Amount for Children
- The Child Disability Benefit amount of $3,173
- Increased child care deductions
- Age limit extension to Children’s Fitness and Art amount (no longer available after 2016, but may be claimed for the previous year)
(Image: graphic of a mother sitting cross-legged, holding her baby)
If you own a home you may be eligible for:
- Home Buyer’s Amount of up to $10,000! People with DTC do not have to be first-time home buyers
- The Home Accessibility Tax Credit, which covers certain expenses concerning accessibility-related renovations (Image: Graphic of a standalone house)
If you have medical or caregiver expenses the DTC can allow you to claim:
- Certain medical expenses (can also claim a Disability Supports Deduction) e.g. Attendant Care Services
- Caregiver Credit: People with DTC do not have to provide another supporting document from medical practitioners
If you have a trust the DTC might help you save on the taxes you pay on your earnings through:
- Eligibility for qualified disability trust status
- Preferred beneficiary election option
If you’re a full-time student the DTC can allow you to claim:
- Certain education-related benefits
(Image: graduation cap and diploma)