What is the Disability Tax Credit?
The Disability Tax Credit is the a very under-used but effective way to decrease your medical expenses. Any expenses that to even the most mild physical or mental illnesses on your tax return, putting more money back in your pocket.
The medical bills are only increasing; isn’t it time to reward yourself? If your daily activities are restricted because of physical or mental restrictions, you are eligible for a Disability Tax Return, Blackthorn Bookkeeping can help you with the Disability Tax Credit application process.
You Are Likely Eligible!
There many people who are not aware of the of this credit that they actually lost out on a lot of money. However, you are more than likely eligible for the disability tax credit. All you have to do is ask yourself, this very important question. By answering this you will know if you are eligible.
Please Take your time.
Self-Assessment QuestionnaireThis Questionnaire will help us assess whether you may be eligible for the Tax Credit for individuals with a physical and/or mental impairment.
You can refer to the definitions to help you complete the questionnaire.
You must fill in all fields.
You are markedly restricted if, all or substantially all the time, you are unable ( or it takes you an inordinate amount of time)to perform one or more of the basic activities of daily living, (see list in Question 4)even with therapy ( other than life-sustaining therapy) and the use of appropriate devices and medication.
An impairment is prolonged if it has lasted, or is expected to last, for a continuous period of at least 12 months.
Qualified practitioners are medical doctors, optometrists, audiologists, occupational therapists, physiotherapists, psychologists, and speech-language pathologists.
Means that although you do not quite meet the criteria for the markedly restricted, your ability to perform a basic activity of daily living is still substantially restricted.
You have to dedicate time for this therapy, at least 3 times a week, for an average of at least 14 hours a week. Time dedicated to therapy means that you must be required to take time away from everyday normal activities in order to receive therapy.