POPULARITY
6 episodes with Disability Tax Credit
3 episodes with Disability Tax Credit
6 episodes with Disability Tax Credit
2 episodes with Disability Tax Credit
2 episodes with Disability Tax Credit
5 episodes with Disability Tax Credit
2 episodes with Disability Tax Credit
When we talk about the affordability crisis, you sometimes hear the term “legislated poverty”, meaning the state of social assistance rates like Ontario Works and ODSP that assure people can never get ahead because the amounts paid never cover all the real costs of daily life. That's why Mike Morrice decided to act when he was elected to the House of Commons in 2021, but like all great quests, it hasn't ended up the way he envisioned. Can one person make a difference? This is the question when you elect anyone, but without a party whip or a legislative agenda, an MP pretty much has to follow their own north star and Kitchener MP Morrice followed his star to a private member's bill called the Canada Disability Benefit Act. The goal was to offer low-barrier, additional assistance to people with disabilities to help get them out of legislated poverty, but as always happens, reality couldn't live up to aspirations. When finished, the act proposed that people with disabilities in Canada will receive *up to* $200 per month once they've been approved for the Disability Tax Credit and all the requisite forms have been filled. On top of that, there was even doubt for a while that disabled people would even start getting their $200 this summer because the Treasury Board hadn't approved the regulations until last week, which wouldn't have happened at all in the event of a snap election. So how does the man who sponsored the Canada Disability Benefit Act feel now that he's on the other side? Morrice will talk about that, why he fought so hard for the act, and why, even though it's watered down, it's still going to be a game changer for people with disabilities in Canada. He will also talk about the ins and outs working with the government to get the bill done, fighting for key provisions to make the bill better, and the marathon the last few weeks to get the regulations finished before any potential election. So let's talk about how the proverbial sausage gets made on this week's Guelph Politicast! You can learn more about the Canada Disability Benefit Act on the Government of Canada's website. You can also check out Mike Morrice's ongoing advocacy on this and other issues at his website. The host for the Guelph Politicast is Podbean. Find more episodes of the Politicast here, or download them on your favourite podcast app at Apple, TuneIn and Spotify . Also, when you subscribe to the Guelph Politicast channel and you will also get an episode of Open Sources Guelph every Monday, and an episode of End Credits every Friday.
In this episode of Take a Pain Check, Natasha chats with Carroll Meilleur, an advocate for the Disability Tax Credit (DTC) and senior member of True North Disability Services. Carroll shares her journey from dentistry to advocacy, discussing DTC eligibility, benefits, misconceptions, application tips, and support for individuals with rheumatic diseases. She highlights the importance of advocacy, shares success stories, and offers practical advice for navigating the DTC process. Tune in to learn how Carroll is making a difference in accessibility and support for those in need. Apply to our scholarship today: https://www.takeapaincheck.com/schola... Don't forget to like, comment, and subscribe for more episodes. Our socials: Website: https://www.takeapaincheck.com/ Instagram: / takeapaincheck_ Tiktok: https://www.tiktok.com/@takeapainchec... X: https://x.com/takeapaincheck Linkedin: / take-a-pain-check Carrol's socials: Website: www.tnds.ca Instagram: / truenorthdisabilityservices Facebook: / tnds.ca Growing Pains, Copyright, 2018, Alessia Cara
Jane is a retiree living comfortably thanks to her dividend growth stocks portfolio, despite only starting in her 50s! Her journey is inspiring, especially knowing how she turned some of her family's challenges into an expertise that now helps others in her surroundings! Learn about DTC, RDSP, and an admirable woman! Download the Stock Checklist. Join our Retirement Community Waitlist. Make sure to check out the complete show notes. Twitter: @TheDividendGuy FB: http://bit.ly/2Z7Q5gF YouTube: http://bit.ly/2Zs6r1r DividendStocksRock.com
Have you ever wondered how the Disability Tax Credit (DTC) can assist Canadians with disabilities and their families? What are the challenges involved in applying for this underutilized credit? How can one effectively navigate the application process to maximize benefits? These and more questions will be explored in today's episode.Host Lawrence Greenberg sits down with Christine Brunsden, CEO of Benefits2, to discuss the Disability Tax Credit—a powerful yet often overlooked resource for Canadians. Christine delves into the intricacies of the DTC, clarifying eligibility requirements, debunking common misconceptions, and revealing the broader benefits it can unlock.The conversation also sheds light on how aspects of aging, such as mobility issues, cognitive decline, and incontinence, as well as chronic illnesses like diabetes, can qualify as disabilities under the DTC. Christine offers practical advice on navigating the application process and underscores the importance of educating both professionals and the public about this valuable financial tool.Whether you're exploring the DTC for yourself or a loved one, this episode provides essential insights into obtaining financial support for those with disabilities.Thank you for tuning in!Key Topics:Introduction to the Disability Tax Credit (0:39)Misconceptions about the Disability Tax Credit (1:21)The role of physicians in the application process (3:16)Eligibility criteria for the Disability Tax Credit (6:02)The importance of understanding 'severe and prolonged impairment' (6:29)Retroactive application of the Disability Tax Credit (9:57)The complexities of the T2201 application form (10:54)How Benefits2 assists with the application process (13:38)Common challenges faced by applicants (14:29)Importance of education and awareness about the credit (19:17)Dementia and other cognitive impairments on Disability Tax Credit eligibility (22:16)Services offered by Benefits2 (26:42)The impact of cognitive decline and aging on eligibility (26:56)Overlooked disabilities and the importance of seeking help (29:03)Final thoughts on overcoming stigma and pursuing the Disability Tax Credit (35:12)And so much more!Mentioned in this Episode:Tulett, Matthews & AssociatesBenefits2Thanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and
The federal NDP recently announced a plan to make Canada's Disability Benefit easier to access. Rabia Khedr reviews what has been proposed. From the June 25, 2024, episode.
True North Disability Services is dedicated to helping Canadians with eligible conditions qualify for the Disability Tax Credit. Count on their team to meet the highest standards of client satisfaction. Their goal is to ensure you receive the maximum benefits you deserve while simplifying the entire process. They know that bringing clarity to medical tax benefits is important to their clients and helps build long lasting trusting relationships. Website Instagram My Life Without Limits is a podcast by Cerebral Palsy Alberta Music from Soundstripe: Astro Jetson by Mikey Geiger https://app.soundstripe.com/royalty-f... Carlos is a Hispanic male with cerebral palsy. He has short dark hair, dark eyes, some facial goatee hair, and uses crutches/canes to help him walk. Leah is a white female with shoulder length brown hair, freckles, green eyes, wears glasses and is able bodied. Follow us on Instagram @mylifewithoutlimitspodcast Support our podcast by buying us a coffee here: https://www.buymeacoffee.com/mlwlpodc... lison@cpalberta.com for any questions! We acknowledge that what we call Alberta is the traditional and ancestral territory of many peoples, presently subject to Treaties 6, 7, and 8. Namely: the Blackfoot Confederacy – Kainai, Piikani, and Siksika – the Cree, Dene, Saulteaux, Nakota Sioux, Stoney Nakoda, and the Tsuu T'ina Nation and the Métis People of Alberta. This includes the Métis Settlements and the Six Regions of the Métis Nation of Alberta within the historical Northwest Metis Homeland. We acknowledge the many First Nations, Métis and Inuit who have lived in and cared for these lands for generations. We are grateful for the traditional Knowledge Keepers and Elders who are still with us today and those who have gone before us. We make this acknowledgement as an act of reconciliation and gratitude to those whose territory we reside on or are visiting.
Today on NOW with Dave Brown: Jesse Preston explores the intersection of A.I. and disability in the employment sector. Rebecca Dingwell explains why the CRA should improve the application process for the Disability Tax Credit. Plus, Rabia Khedr considers how Canada stacks up to disability rights across the country. This is the November 21, 2023, episode.
Applying for the Disability Tax Credit can be an arduous task. How could the CRA improve the process? Rebecca Dingwell shares her experience and offers her thoughts. From the November 21, 2023, episode.
Jason talks to Christine Brunsden, CEO of Benefits2, a web-based application designed to help people and medical practitioners identify disabilities that qualify for the Disability Tax Credit. It also assists them by saving time and money while increasing the rate of success when applying for the Disability Tax Credit.Episode Highlights02:56: Through her teenage years, Christine's daughter went downhill, and she ended up going through some really terrible stuff.03:52: Christine realized how hard it is for young people who are aging out of the system, they don't have the proper support.05:44: Medical practitioners are burning out record numbers. They are not motivated to take their after-hours to fill out third party forms for the government09:41: Christine shares an example of a woman who did her disability tax credit with Benefits 2 on January 31st.11:09: The hard part for everyone involved in tax refund is that nobody has ever taught anything about this in school.12:02: Christine explains how her platform helps people qualify for disability tax.12:45: The government tried to bring in the disability tax motors restrictions act and fix the fee at $100. 17:08: Christine thought the disability tax credit promoters were really predatory in nature, taking that big percentage.19:10: Christine is a huge advocate for diversity, equity and inclusion, and he is also a huge advocate for people with disabilities.24:18: The Canada Caregiver credit, medical expenses, and disability supports deductions home buyer's amount.25:09: 60% of all people who have the disability tax credit are over the age of 55, and the RDSP is not even a benefit for that.26:22: It's not a disability tax credit. It's really an enabling for people with ordinary everyday impairment to their activities of daily living.3 Key PointsChristine shares her daughter's ordeal and how her teacher called her out in front of all of her peers at the age of 6.Christine developed Benefits2 to leave more money in the hands of persons with disabilities and their supporting family members and to ensure Canadians have an option that complies with the disability tax credit promoters restrictions act.Christine explains how they created a platform, a complex algorithm in the background that once you have answered your questions related to your particular impairment, they write the application for success for you, you get a code and the PDF of the application and e-mail.Tweetable Quotes"My eyes are really wide open around the disability taxpayer." - Christine Brunsden"If the credit doesn't apply to you, maybe you're not working, but maybe you have a supporting family member, and you can transfer the credits to that supporting family member." - Christine Brunsden"Our marketplace will have diversity, equity inclusion, calendars that support all the different awareness dates throughout the country and internationally." - Christine BrunsdenResources MentionedFacebook – Jason Pereira's FacebookLinkedIn – Jason Pereira's LinkedInWoodgate.com – SponsorPodcast Editing Hosted on Acast. See acast.com/privacy for more information.
Jason talks to Christine Brunsden, CEO of Benefits2, a web-based application designed to help people and medical practitioners identify disabilities that qualify for the Disability Tax Credit. It also assists them by saving time and money while increasing the rate of success when applying for the Disability Tax Credit.Episode Highlights02:56: Through her teenage years, Christine's daughter went downhill, and she ended up going through some really terrible stuff.03:52: Christine realized how hard it is for young people who are aging out of the system, they don't have the proper support.09:41: Christine shares an example of a woman who did her disability tax credit with Benefits 2 on January 31st.11:09: The hard part for everyone involved in tax refund is that nobody has ever taught anything about this in school.12:02: Christine explains how her platform helps people qualify for disability tax.12:45: The government tried to bring in the disability tax motors restrictions act and fix the fee at $100. 17:08: Christine thought the disability tax credit promoters were really predatory in nature, taking that big percentage.19:10: Christine is a huge advocate for diversity, equity and inclusion, and he is also a huge advocate for people with disabilities.24:18: The Canada Caregiver credit, medical expenses, and disability supports deductions home buyer's amount.25:09: 60% of all people who have the disability tax credit are over the age of 55, and the RDSP is not even a benefit for that.26:22: It's not a disability tax credit. It's really an enabling for people with ordinary everyday impairment to their activities of daily living.3 Key PointsChristine shares her daughter's ordeal and how her teacher called her out in front of all of her peers at the age of 6.Christine developed Benefits2 to leave more money in the hands of persons with disabilities and their supporting family members and to ensure Canadians have an option that complies with the disability tax credit promoters restrictions act.Christine explains how they created a platform, a complex algorithm in the background that once you have answered your questions related to your particular impairment, they write the application for success for you, you get a code and the PDF of the application and e-mail.Tweetable Quotes"My eyes are really wide open around the disability taxpayer." - Christine Brunsden"If we look at what happens with incontinence, well, somebody who suffers from incontinence is likely going to impair on their physical activity because of the whole leakage issue. They are probably not hydrating properly because of the leakage issue and that they will basically cause some other sort of disabling condition." - Christine Brunsden"Our marketplace will have diversity, equity inclusion, calendars that support all the different awareness dates throughout the country and internationally." - Christine BrunsdenResources MentionedFacebook – Jason Pereira's FacebookLinkedIn – Jason Pereira's LinkedInWoodgate.com – Sponsorhttps://www.benefits2.ca/Podcast Editing Hosted on Acast. See acast.com/privacy for more information.
The Canada Revenue Agency's Gurpreet Plaha discusses the Disability Tax Credit available to Canadians with Disabilities. This is the March 16, 2023 episode.
The disability tax credit can go a long way to reduce the burden of a family dealing with the cost of a member with a disability. But this tax credit is not easy to get and getting help can command a high fee and the “Disability Tax Credit Promoters Restrictions Act” was supposed to help limit these fees. Jamie Golombek, managing director of tax and estate planning with CIBC Private Wealth, joins us to talk about the tax credit and why there is a court injunction that is pausing the restrictions act. Find out more on the CIBC Tax Site and connect with Jamie on Twitter, LinkedIn and at jamiegolombek.com.
The most popular family finance apps available in Canada. Chartered Professional Accountant and author Robin Taub takes us through them. And, the challenges single seniors face during tax season. Jane Robertson, founder of Single Seniors for Tax Fairness, tells us about what's needed to address the issue. Then, the high fees you might be paying for consultants to help you with the Disability Tax Credit. Jamie Golombek from CIBC tells us why a potential fee cap in Canada is stalled. And, a group looking to bring the benefits of employee ownership to Canada. Jon Shell from the Canadian Employee Ownership Coalition, takes us through what their organization is advocating for. Plus, Colin Coggins from the USC Marshall School of Business tells us about the book he co-authored called THE UNSOLD MINDSET: Redefining What It Means to Sell. To find out more about the guests check out: Jane Robertson: com | Facebook | Twitter | LinkedIn Jamie Golombek: CIBC Tax Site | Twitter | LinkedIn | com Robin Taub: Twitter | Facebook | LinkedIn Colin Coggins: com | Instagram | Twitter | LinkedIn Canadian Employee Ownership Coalition: employee-ownership.ca | Twitter Jon Shell: Twitter Bruce Sellery is a personal finance expert and best-selling author. As the founder of Moolala and the CEO of Credit Canada, Bruce is on a mission to help you get a better handle on your money so you can live the life you want. High energy & low B.S., this is Moolala: Money Made Simple. Find Bruce Sellery at Moolala.ca | Twitter | Facebook | LinkedIn
Join me as I sit down with Anders Johnson of Johnson Management Consulting. Anders provides an invaluable support to first responders who suffer from PTSD. He has been in the space of helping first responders now for well over a decade apply for an get their Disability Tax Credit. Canada Revenue Agency views Post Traumatic Stress Disorder as an eligible condition to apply for and be granted a Disability Tax Credit. Within this the applicant can get back money through reduced taxes per year and benefit directly from the challenges that can come from such a condition. If you know of someone who suffers from PTSD please share this episode as the support behind it is incredibly important to those that are impacted by PTSD. You can visit https://www.tenthirtythreeco.com/about-4 and complete the application to learn more!
1) Primary Retirement Goals. 2) When to Begin CPP. 3) RRSP vs TFSA. 4) Pension Credit. 5) Age Credit. 6) Medical Expense Tax Credit. 7) Disability Tax Credit. 8) Individual Pension Plans. Guest: Lesley Bloxham Lesley has over 28 years of combined experience working in public practice and industry. Her passions are accounting, taxes, planning, and consultation. She loves working with corporate clients who are in start-up, growth, maintain or wind-up stages to ensure the business is meeting the shareholder's goals, financial reporting requirements, government obligations, and getting things done right. She also enjoys getting personal and business clients back on track to ensure all CRA tax filings are up-to-date and compliant. Lesley is taking professional development courses in international tax and works with international non-resident clients who have Canadian investments/property or Canadian resident clients who own foreign investments/property. Educating, training, and consulting clients on “best practices” in techniques, developing processes, and financial monitoring are all very important, especially for the follow-through of the strategic plans for taxes, retirement, Estate and future. The rewards are seeing client's dreams, goals, and commitments come true. Contact: Lesley Bloxham, Partner Blasetti Broyles Bloxham LLP Chartered Professional Accountants 1700 Varsity Estates Drive NW Calgary, Alberta T3B 2W9 Phone: (403) 277-0511 Email: info@bbbcpa.ca Website: www.bbbcpa.ca
What do you need to know before applying for a disability tax credit? Join Dave Popowich and Leanna Wachniak on More Than Money as they talk to Dr. Wayne MacLeod, family physician and author of "How to Successfully Apply for the Disability Tax Credit" about how to navigate the application process.
One of our subscribers asked for information on the Disability Tax Credit, Henson Trust and other benefits. The boys managed to secure Frank DiPietro, CPA, CFP from Mackenzie Investments to discuss in-depth One of our subscribers asked for information on the Disability Tax Credit, Henson Trust and other benefits. The boys managed to secure Frank DiPietro, CPA, CFP from Mackenzie Investments to discuss in-depth. Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode of the Voice Epilepsy™ podcast, Sharareh Saremi, an Advocate at Disability Alliance BC, joins us to discuss the Disability Tax Credit (DTC). If you would like to learn more about the provincial and federal disability benefits available to people living with epilepsy in BC, visit the Disability Alliance BC website at www.disabilityalliancebc.org. You can also contact the Advocacy Access department at Disability Alliance BC for assistance in applying for disability benefits via telephone at 604-872-1278, Toll-Free at 1-800-663-1278 or via email at advocacy@disabilityalliancebc.org. Please note that this podcast features the audio from a webinar presented by the BC Epilepsy Society. To view the video version of this webinar with full PowerPoint slides, please visit https://www.youtube.com/watch?v=pYaD1pTg6R0.
Ken Pope is partnering with the Asperger's Society of Ontario to help outline important information regarding special needs & disability estate planning.Learn about:• Wills and Henson Trusts• ODSP and how it can affect estate planning.• How all families with adult children with special needs can benefit from the improved caregiver tax credit• Disability Tax Credit recapturing ($16,000-$22,000)• RDSPs and how they can grow to $700,000• Lifetime Benefit Trusts for RRIFs• Guardianships vs. Power of Attorney explainedFor more information, contact us at 1-866-536-7673 or visit our website www.kpopelaw.comGet an assessment with us:https://kpopelaw.com/ken-pope-disability-estate-planning-family-evaluation-form/Don't miss out on important updates and webinar invitations. Sign up for our newsletter https://kpopelaw.com/ken-pope-henson-trusts-lawyer-enews-signup/
“What is an Investment Account?"- Money Monday with Shawna McCrea of Balance Financial Non-Registered - You must declare investment income (or losses) and interest on your taxes in non-registered accounts even if you don't withdraw the money.Types of Investment AccountsRRSPS - RRSP accounts help you to save for your retirement years.TFSAs - A Tax-Free Savings Account allows you to save without paying income on your investment earnings.RRIFS - RRIFs allow you to generate income during retirement.RESPS - RESPs can help you pay for a child's post-secondary education.RDSPs - helps create long-term savings for people eligible for the Disability Tax Credit. As always I wish you financial health. I love helping people cut through the industry noise that can fuel our fears, and create a financial plan based on your specific life goals. First phone consultation is COMPLIMENTARY #InspiringFinancialHealth #FinancialPlanning #CashWealthRiskLegacy
“What is an Investment Account?"- Money Monday with Shawna McCrea of Balance Financial Non-Registered - You must declare investment income (or losses) and interest on your taxes in non-registered accounts even if you don't withdraw the money.Types of Investment AccountsRRSPS - RRSP accounts help you to save for your retirement years.TFSAs - A Tax-Free Savings Account allows you to save without paying income on your investment earnings.RRIFS - RRIFs allow you to generate income during retirement.RESPS - RESPs can help you pay for a child's post-secondary education.RDSPs - helps create long-term savings for people eligible for the Disability Tax Credit. As always I wish you financial health. I love helping people cut through the industry noise that can fuel our fears, and create a financial plan based on your specific life goals. First phone consultation is COMPLIMENTARY #InspiringFinancialHealth #FinancialPlanning #CashWealthRiskLegacy
We speak to Josée Cabral from H&R Block about the disability tax credit and how to make the most of them. Find out more at hrblock.ca and connect on Twitter, Instagram and Facebook.
Grab a tea and tune in as Ken outlines important information including recent and upcoming changes regarding special needs & disability estate planning.• Wills and Henson Trusts• ODSP and how it can affect estate planning.• How all families with adult children with special needs can benefit from the improved caregiver tax credit• Disability Tax Credit recapturing ($16,000-$22,000)• RDSPs and how they can grow to $700,000• Lifetime Benefit Trusts for RRIFs• Guardianships vs. Power of Attorney explainedFor more information, contact us at 1-866-536-7673 or visit our website www.kpopelaw.comGet an assessment with us:https://kpopelaw.com/ken-pope-disability-estate-planning-family-evaluation-form/Don't miss out on important updates and webinar invitations. Sign up for our newsletter https://kpopelaw.com/ken-pope-henson-trusts-lawyer-enews-signup/Subscribe to our YouTube channel:https://www.youtube.com/c/KennethPope
Grab a tea and tune in as Ken outlines important information including recent and upcoming changes regarding special needs & disability estate planning.• Wills and Henson Trusts• ODSP and how it can affect estate planning.• How all families with adult children with special needs can benefit from the improved caregiver tax credit• Disability Tax Credit recapturing ($16,000-$22,000)• RDSPs and how they can grow to $700,000• Lifetime Benefit Trusts for RRIFs• Guardianships vs. Power of Attorney explainedFor more information, contact us at 1-866-536-7673 or visit our website www.kpopelaw.comGet an assessment with us:https://kpopelaw.com/ken-pope-disability-estate-planning-family-evaluation-form/Don't miss out on important updates and webinar invitations. Sign up for our newsletter https://kpopelaw.com/ken-pope-henson-trusts-lawyer-enews-signup/Subscribe to our YouTube channel:https://www.youtube.com/c/KennethPope
Welcome to Episode 48 of Retire Me. The federal budget released its first budget in over 2 years this past Monday. The budget was full of announcements and spending programs for a wide range of initiatives, individuals, and businesses. On today's show, I focus on what I believe are the top 5 most meaningful announcements for people who are saving for retirement or are already retired. They are: 1) Enhancement to OAS 2) Green Retrofit Loan Program 3) Expansion of the Disability Tax Credit criteria 4) Introduction of a Foreign Owner Vacancy Tax 5) What *wasn't* in the 2021 Budget Detailed show notes and links to resources will be available on my blog this week at www.walhoutfinancial.ca/podcast. Thanks for listening! Mark
Disability & estate planning specialist Kenneth Pope partners with Kim Mcleod, Parent Advocate, Educator and Co-founder of “One More Thing” a parent group for special needs families, for a second webinar to discuss various family needs as well as provincial and federal benefits. Topics: • Wills and Henson Trusts• ODSP and how it can affect estate planning.• ODSP benefit increases $896 - $1169• How all families with adult children with special needs can benefit from the improved caregiver tax credit • Disability Tax Credit recapturing ($16,000-$22,000)• RDSPs and how they can grow to $700,000• Lifetime Benefit Trusts for RRIFs• Guardianships vs. Power of Attorney explainedFor more information, contact us at 1-866-536-7673 or visit our website Click HERE to get an assessment with us. Don't miss out on important updates and webinar invitations. Sign up for our newsletter HERE
Disability & estate planning specialist Kenneth Pope partners with Kim Mcleod, Parent Advocate, Educator and Co-founder of “One More Thing” a parent group for special need's families, for 2 webinars to discuss various family needs as well as provincial and federal benefits. Topics: • Wills and Henson Trusts• ODSP and how it can affect estate planning.• ODSP benefit increases $896 - $1169• How all families with adult children with special needs can benefit from the improved caregiver tax credit • Disability Tax Credit recapturing ($16,000-$22,000)• RDSPs and how they can grow to $700,000• Lifetime Benefit Trusts for RRIFs• Guardianships vs. Power of Attorney explainedFor more information, contact us at 1-866-536-7673 or visit our website Click HERE to get an assessment with us. Don't miss out on important updates and webinar invitations. Sign up for our newsletter HERE
Hey everyone! My name is Karyn Inder and welcome to The Model Tongue Podcast. A podcast where we discuss all things mental health, mental illness, body positivity, self worth and the importance of finding your voice. Welcome to the new year! Let's start it off proactively by preparing for tax season :) In this week's episode, Noreen shares information regarding the Disability Tax Credit. If you experience mental illness and/or a mental disability, you may qualify for this tax credit. So, what is the DTC? The Disability Tax Credit(DTC)is a non-refundable tax credit that helps persons with disabilities or their supporting persons reduce the amount of income tax they may have to pay. In this episode, we break down everything you need to know, from how to apply to how to self advocate for yourself, we hope we can make something that can be overwhelming a little more manageable! Also, we've included some important links below and here is a Step-By-Step guide to applying! Noreen's Notes: Step 1: download the form Step 2: fill out the first page of the form (Part A) with your information Step 3: print out entire doc with your info filled out Step 4: Make an appointment to talk about the form with your doctor or nurse practitioner, give them the document to fill out - they have to fill out Part B. notes: - Not everything on page 2, 3 and 4 need to be filled out, only fill out what applies to the applicant. - ALL of page 5 must be filled out by your Dr /nurse practitioner Step 5: Send the form to the CRA (I recommend sending it via courier so you can confirm it was delivered). The address you send it to depends on where you live, see page 6 for the addresses. Once you have sent it, you must wait for the CRA to respond and let you know their decision. This can take many months so be patient. They send a response via regular mail. If your application is denied, they will explain why on the notice of determination and options to challenge their decision. If you are approved, then you are normally approved 3-5 years into the future so you don't have to reapply every year. I recommend that you choose yes on page 1, section 3 so that the CRA can adjust your taxes for previous years for you. TAX CREDIT LINK: https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t2201.html FOR MORE INFO, VISIT CRA WEBSITE: https://www.canada.ca/en/revenue-agency/services/tax/individuals/segments/tax-credits-deducti ons-persons-disabilities/disability-tax-credit.html HOW TO CLAIM ONCE APPROVED?: https://www.canada.ca/en/revenue-agency/services/tax/individuals/segments/tax-credits-deducti ons-persons-disabilities/disability-tax-credit.html#clm REGISTERED DISABILITY SAVINGS PROGRAM: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/registered-disability-s avings-plan-rdsp.html Source: Canada Revenue Agency RMP Professional Services (accounting) IG: @rmpps.ca (e) manhar.puri@rmpps.ca https://app.acuityscheduling.com/schedule.php?owner=16545414 Available on: Spotify: https://open.spotify.com/show/53mK17VPzqdS9IbCFUbs4I Itunes: https://podcasts.apple.com/ca/podcast/the-model-tongue/id1508822046 YouTube: https://www.youtube.com/channel/UCJQ5r88mzVoeRZ8jjpHLP9Q?view_as=subscriber Connect with Karyn: Instagram: @karyninderr Youtube & Facebook: Karyn Inder Twitter: @themodeltongue Itunes & Spotify: The Model Tongue Connect with Noreen: Instagram: @ngoraya01
Week 17 of my COVID-19 series is a solo episode where I talk about my experience being a parent during a pandemic. I don't pretend to know what it's like to be a single parent, have more than one child, or have older children, but I go through what it's been like for me since Henry was born almost 18 months ago. Links to the podcast episodes about parenting that I mentioned: Debt Free in 30 Episode 307 with Julie Wildman: https://youtu.be/pj2K5v5jMpo Because Money Podcast S6 Ep5 - Welcome to Parenthood: https://becausemoney.ca/s6-ep5-parenthood/ Not directly connected to parenting, but something I mentioned in the episode, here's Alan Whitton aka Big Cajun Man on the Maple Money Podcast talking about the Disability Tax Credit and the Registered Disability Savings Plan: https://maplemoney.com/podcast/disability-tax-credit-rdsp/
Many Canadians don't realize that the government has an investment plan designed specifically for Canadians with disabilities. The Registered Disability Savings Plan exists to help disabled Canadians with their long term savings, but it can be difficult to understand. Alan Whitton is the founder of Canajun Finances, where he writes extensively about the Registered Disability Savings Plan, and RESPs as well. He joins me this week to explain the ins and outs of the RDSP, as well as the Disability Tax Credit. You can find the show notes for this episode at https://maplemoney.com/alanwhitton Do you bank with a member of CDIC? If so, your eligible deposits with that institution will be protected up to $100,000 in each of their coverage categories, in the event of a bank failure. Didn't know that banks could fail? CDIC has handled the failure of 43 of its member institutions since it was established in 1967. Guess how many people lost their protected deposits during those failures? Zero. Not a single dollar under CDIC protection was lost. Find out more about CDIC coverage and check to see if you bank with one of its member institutions by visiting https://www.cdic.ca
Ask Win is a podcast where you are a VIP. It’s a friend, family, and international show. Win wants to focus and teach people more and Cerebral Palsy. You’re welcome to ask questions about anything that you want. CP questions but mainly life questions on how to deal with CP or not. Win can ask you base questions if you want. Please let us know or there will be no base questions. If you have any questions for Win please email her at askingwkelly@gmail.com. Ask Win Podchaser: https://www.podchaser.com/podcasts/ask-win-22507. Please donate to Ask Win by going to https://www.paypal.me/WCharles. Patron Checkout: https://www.patreon.com/join/Askwin?. Simplecast's Brand Ambassador Program: http://refer.smplc.st/rtTvG. Check out Win's books at https://www.amazon.com/Win-Kelly-Charles/e/B009VNJEKE/ref=sr_tc_2_0?qid=1538951782&sr=1-2-ent. To buy Win’s new book, Smile with Dictation, go to https://books2read.com/Win. I, Win: http://books2read.com/Iwin. I, Win audiobook in iBooks: https://books.apple.com/us/audiobook/i-win-hope-and-life/id1476934916. I, Win audiobook in Google Pay: https://play.google.com/store/books/category/audiobooks?hl=en. I, Win audiobook in kobo: https://www.kobo.com/us/en/audiobook/i-win-5. I, Win audiobook in Nook: https://www.nookaudiobooks.com/audiobook/1005661/i-win. I, Win audiobook in Scibd: https://www.scribd.com/book/275801773/I-Win. I, Win audiobook in Beek: https://www.beek.io/libros/i-win. Check out Danielle's books at https://www.amazon.com/Danielle-Coulter/e/B00OFIOY3C/ref=as_li_ss_tl?qid=1483655853&sr=8-2&linkCode=sl2&tag=paradimarket-20&linkId=8490a064c62cededb762ed5b949ed144. Check out Win’s YouTube channel at https://www.youtube.com/channel/UCGN0mfJdlpKG8IdJTBjKTow. Please read Outsource Your Book to a Wall Street Journal Bestselling Press: https://leaderspress.com. Born with Cerebral Palsy author of I,Win | podcaster| by win charles: https://www.podchaser.com/creators/win-charles-107a4S3520. 5 Secrets for a Successful Podcast: https://youtu.be/eUTXwrx2ZIc. Apple Podcast on Amazon Smart Speaker: https://apps.apple.com/us/story/id1491094491. Podcast voice coaching: https://www.fiverr.com/share/kLrbLw. On Ask Win today (Monday, March 19, 2020), Best-Selling Author, Win C welcomes Gordon VanderLeek. Gordon has been practicing law for over 30 years and the founding lawyer of VanderLeek Law. His main practice areas are wills, estates and trust law. He is a father of 5 adopted children, 3 of who have long term disabilities. Gordon has been a frequent speaker on the topic of Estate Planning for families that have special needs children, including topics of trust planning, AISH rules, Registered Disability Savings Plans to name a few. In the fall of 2009, the firm established a division named “Disability Advocates”, led by his wife, Annie. The focus of Disability Advocates is to provide support services to families with special needs children in such areas as guardianship and trusteeship applications & reviews, AISH applications and appeals, Disability Tax Credit applications and reviews, educational supports and general advocacy. To learn more about Gordon visit www.disabilityadvocates.ca.
The Disability Tax Credit Rob: Hey folks! Today, Adam and I are chatting about the DTC, the Disability Tax Credit. I'm Rob Tétrault from robtetrault.com, Head of the Tétrault Wealth Advisory Group here at Canaccord Genuity Wealth Management. I should introduce my guest here today. Thrilled to have Adam Buss, Wealth and Estate Planning Specialist here at Canaccord Genuity Wealth Management. Adam, thanks for being here. The disability tax credit, how does it apply and what is it exactly? Adam: It's a non refundable tax credit for those who have a qualified disability. And it's basically meant to try to equalize the disadvantages and the added costs that an individual with a qualified disability may face. They've basically given them a little bit of money back on an annual basis. Rob: Okay, that would mean, for example, an adult with a disabled child, right? Adam: It could be an adult with a disabled child, an individual who's above 18 and has a qualified disability. Any of those things, and this is a tax credit that can kind of carry on for your lifetime if you're considered qualified, Rob: and the DTC is attached to that individual with the disability. Adam: It's attached to that social insurance number essentially. Rob: And when they are minor, their parents in theory could or would get the credit. And when they're an adult, potentially they would get the credit on their own. Adam: Yeah. Or even if they're an adult and they have somebody who needs to claim them as a financial dependent. That individual can claim that disability. Rob: Okay. there's a bunch of different ways a person can be eligible for the DTC, you must meet some of the following criteria. What would some of those be? Adam: You know, there is substantial criteria. It generally means that if you're blind. You have troubles with certain activities of daily living, and different restrictions. There's quite a lengthy list. Certainly recommend going to the CRA's website to look at the full definitions. But when in doubt, if you have any sort of disability that you think may be qualified, chat with your doctor, chat with your tax professional to see if you can get qualified for the disability tax credit. It's a huge advantage for your income tax return. Rob: And I see here that the disability, the impairment is a prolonged impairment. They're saying it needs to be for an expected continuous period of at least 12 months. Adam: It needs to be long term. I could break my leg and have a reduced lifestyle for the six months or whatever, but it's not long term. To qualify it needs to be something that affects your lifestyle and your life on a long-term basis. Rob: And it must be present substantially all the time, at least 90% of the time. Now the tax credit, does that just reduce your tax or does it reduce your income? And it's $8,000 per year? Adam: That's $8,000 per year, which I believe reduces your income. Again, I'm not an accountant. We always recommend reviewing these items with your tax professional to make sure that it's being properly applied to your situation. Rob: If you have the DTC, if you have the disability tax credit, then you could check out our other video on this, but you could automatically qualify for the RDSP, is that correct? Adam: qualifying through the disability tax credit is the prerequisite for qualifying for the RDSP, the registered disability savings plan, which you did a fantastic video on not that long ago that I recommend you check out. Rob: So the RDSP, the really neat thing about that one is, there's a ton of grants and potential bonds, you put a few thousand dollars in... $2,500 a year, and the government will match you $3,500 a year, for example. It's a great savings vehicle. Okay. if you do have the DTC, you're wanting to get the $8,000 tax credit, but you also qualify for the RDSP. make sure to talk to your advisor, a guy like me. And for that you can go to www.speaktorob.com and you can find out all about the wonderful ways to structure an RDSP, and how to actually build a portfolio for that.
Exploring the ins and outs of the disability tax credit - also known as the key to accessing most federal government programs. Simple Money Podcast - Canada's own personal finance podcast email: info@ffcoach.ca Twitter: F_FCOACH
Introduction to our series on Disability Planning - A topic that suffers from lack of attention and very large information gaps. Future episodes include RDSPs, Disability Tax Credit, Tax Credits, and More Simple Money Podcast - Canada's Own Personal Finance Podcast E: info@ffcoach.ca Twitter: F_FCOACH
Kimberley Hanson is the Executive Director of Federal Affairs for Diabetes Canada, as well as a person living with type 1 diabetes. From the Disability Tax Credit to Diabetes 360, she is working to create positive change for people living with diabetes. Visit this link to learn more about Diabetes 360 and how you can help: https://goo.gl/V26DhM
В этом выпуске вы узнаете: - Что такое RDSP и для кого он нужен? - Подробно о RDSP: - условия открытия, сколько можно вклыдывать - что такое Grant и Bond? - Как можно вытаскивать деньги из плана и можно ли переводить из RESP? - Что происходит с планом, если умирает или beneficiary, или родители ребенка? Список болезней для получения Disability Tax Credit T2201 Disability Tax Credit Certificate MoneyInside.ca – ваш подкаст о деньгах, экономике и личных финансах. MoneyInside в iTunes MoneyInside в YouTube Оставить свои комментарии или задать вопросы вы всегда можете под этим выпуском или в группе "Финансы с Артемом" в Facebook - https://www.facebook.com/groups/CanFinanceInRussian/ Книга “Inside Banking” - все вопросы и ответы о канадских финансах простым языком. Купить Спасибо, что слушаете MoneyInside. Успехов в деньгах!
-What is RDSP? -What is Disability tax credit? Who can qualify? Who would get tax credit if the parents are divorced? -How much money can a person contribute to RDSP? -What is the difference between bonds and grants and how much are they? -What bank can I open an RDSP with? What are the investment options? -Who will be the owner of RDSP if the owner passes away? -Can both parents be the owners of RDSP? Can the ownership be transferred to the child after s/he is an adult? -How to use an RDSP? -How much does it cost to open and maintain an RDSP? -How to withdraw money from RDSP? Steven Williams has 20 years experience in financial services, bookkeeping and accounting. Steven specializes in presenting and opening the Registered Disability Savings Plan (RDSP). With a blended family that includes eight children, Steven proudly displays an entrepreneurial attitude evident in many Alberta business owners. True to his community roots, Steven volunteered for over 6 years on the McKenzie Towne Resident’s Association Board. Steven is also a dedicated plasma donor for Canadian Blood Services. Email Steven at steven [AT] rdsplan.ca
Registered Disabilities Savings Plans are geared towards helping families and individuals who are living with a disability. RDSPs can only be setup for someone who is eligible to receive the Disability Tax Credit. If this is for your child, you can only begin making contributions after your child is diagnosed with an eligible disability. This is one of the main reasons RDSPs aren't as commonly used, or as frequently discussed. On this week's podcast we're welcoming back Alan Whitton, the voice behind the Canadian Personal Finance blog. This is a subject close to Alan as he and his wife found themselves having to set up an RDSP for their son. After familiarizing themselves with the ins and outs of the Disability Tax Credit, they sought help from their doctor to obtain it. On today’s show we discuss how they work, who is eligible, and what happens if you have an RDSP and file bankruptcy.
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В этом выпуске вы узнаете: - Whole Life, Universal Life, Cash Surrender Value - Capital Dividend Account, Adjusted Cost Base - First-Time Donor's Super Credit, Donations - Buy-sell Agreement; Segregated Funds - Медицинские расходы и лечение за границей, Celiac Medical Expenses (gluten) - Disability Tax Credit and RDSP - Different tax credits MoneyInside.ca – ваш подкаст о деньгах, экономике и личных финансах. Оставить свои комментарии или задать вопросы вы всегда можете под этим выпуском или в группе "Финансы с Артемом" в Facebook - https://www.facebook.com/groups/CanFinanceInRussian/ Книга “Inside Banking” - все вопросы и ответы о канадских финансах простым языком. Купить Спасибо, что слушаете MoneyInside. Успехов в деньгах!
Banking made easy for families on the go with government cheques directly deposited into your bank account.
Banking made easy for families on the go with government cheques directly deposited into your bank account.
The Government of Canada is eliminating cheques by April 2016. With the click of a button, have your tax credits directly deposited into your bank account
The Government of Canada is eliminating cheques by April 2016. With the click of a button, have your tax credits directly deposited into your bank account
If you receive a Child Tax Benefit, Old Age Security, Employment Insurance, a GST tax credit or a tax refund, you’ll need to register for direct deposits before April 2016. The Government of Canada is phasing out cheques and Canadians and Canadian Business Owners will be affected. Get a head start on direct deposits to secure your government payment.
If you receive a Child Tax Benefit, Old Age Security, Employment Insurance, a GST tax credit or a tax refund, you’ll need to register for direct deposits before April 2016. The Government of Canada is phasing out cheques and Canadians and Canadian Business Owners will be affected. Get a head start on direct deposits to secure your government payment.
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