The Disability Tax Credit For People With Diabetes: Could You Be Eligible?
While many people with diabetes might not describe their condition as a “disability,” people who spend a great deal of time – and have great difficulty – with their day-to-day diabetes management, may be able to apply for a disability tax credit from the Canada Revenue Agency. According to the Agency’s website, “The disability tax credit is a non-refundable tax credit used to reduce income tax payable … A person with a severe and prolonged impairment in physical or mental functions may claim the disability amount once they are eligible for the credit.” The rationale behind the disability tax credit is to provide relief to taxpayers for their disability costs, since these are additional and unavoidable expenses that other taxpayers don’t face. The process of applying for the disability tax credit is prepared in conjunction with your doctor. He or she will submit the necessary application forms and backup material to the Canada Revenue Agency, if it is determined that you are eligible. Who is eligible? To be eligible for the disability tax credit, you must meet all of the following requirements: You must have an impairment in physical or mental functions that is pro Continue reading >>