Disability Tax Credit.

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Re: Disability Tax Credit.

Post by Dannypaj on Tue 28 Mar 2017, 07:33

http://www.rdsp.com/calculator/

For some sound financial planning.
Punch in different scenarios, if you qualify.
Use some of your lump sum in the scenarios, it maybe some help in the future.
Keep on the GoC for the promise of the return of our Full Pension Act. 

Being a Veteran holds a lot of clout,
Never forget!
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Re: Disability Tax Credit.

Post by Artie Simm on Fri 28 Apr 2017, 23:09

so what`s an average return if they went back 10 years
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Re: Disability Tax Credit.

Post by Vet1234 on Sat 29 Apr 2017, 07:53

Artie Simm wrote:so what`s an average return if they went back 10 years
I'm waiting on my decision to come back as we speak. I heard it can be up to $1000 per year based on income.
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Re: Disability Tax Credit.

Post by Vet1234 on Sat 29 Apr 2017, 07:53

Knowing me I'll owe money
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Re: Disability Tax Credit.

Post by Artie Simm on Wed 03 May 2017, 12:03

So I just got a letter stating I`ve been " approved", anyone here have any idea how long the wait is for the CRA to go back through 10 years of my tax returns to see if I`m owed any money?
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Re: Disability Tax Credit.

Post by Trooper on Wed 03 May 2017, 12:43

Artie Simm wrote:So I just got a letter stating I`ve been " approved", anyone here have any idea how long the wait is for the CRA to go back through 10 years of my tax returns to see if I`m owed any money?

Artie,

Congrats on being approved!

Regarding your 10 years of reassessment, the CRA will not automatically do this, in fact they won't do it until you write them a letter asking them to adjust your taxes going back 10 years to include the DTC.

I would get on this ASAP.
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Re: Disability Tax Credit.

Post by czerv on Wed 03 May 2017, 14:01

They did mine authomatically going back 5 years. I did not need to ask them.
So, hopefully yours is done the same way.
Call them. Usually they are nice.

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Re: Disability Tax Credit.

Post by Artie Simm on Wed 03 May 2017, 18:41

I phoned them , they said they would do it "automatically" back to 2006...but not "instantly" , hence my original question.
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Re: Disability Tax Credit.

Post by Trooper on Wed 03 May 2017, 18:44

czerv wrote:They did mine authomatically going back 5 years.  I did not need to ask them.
So, hopefully yours is done the same way.  
Call them. Usually they are nice.

czerv,

They are changing procedures often, it's hard to keep up with the changes, it's been a little while since this particular DTC reassessment topic was deeply discussed, but that's what I like about the forum, members posting info so as to keep everyone up to date.
This is the first I hear of the reassessment being done automatically upon approval, so I guess the bottom line here would be for those who are approved for the DTC, contact the CRA to inquire if they are going to do the reassessment.

On another note, I have been reading on other sites just in the past couple of days where some who applied for the DTC have stated that their doctors filled out and sent out the forms to the CRA, the CRA after receiving the filled out forms sent a notice to the doctor requesting all records for the past 10 years on the applicant be sent to them before any decision is to be made. This for first time applicants, and renewal applicants.  

I know of one person who was approved recently for the DTC renewal, I asked him if this was the case, he said no.

So I'm unsure if this is a change in policy, or just specific circumstances.
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Re: Disability Tax Credit.

Post by Vet1234 on Wed 03 May 2017, 19:27

Good to know.  I finally got around to sending mine in about 6 weeks ago.  Gotta get on that cppd now.  I hate all this paperwork.


Last edited by Vet1234 on Wed 03 May 2017, 19:28; edited 1 time in total (Reason for editing : Autocorrect wrong)
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Re: Disability Tax Credit.

Post by Artie Simm on Thu 04 May 2017, 01:04

whats cppd?
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Re: Disability Tax Credit.

Post by Trooper on Thu 04 May 2017, 06:00

Artie Simm wrote:whats cppd?

CPPD = Canada Pension Plan Disability
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Re: Disability Tax Credit.

Post by By the Bay on Fri 05 May 2017, 15:41

Hi Artie,
CRA went back 10 years for me as well....I wrote in to request that they apply the DTC to those 10 years. It took about 3 months for CRA to complete my request. I was not going to bother with it but I was so glad I did cause I got back a nice refund Cheque.
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Re: Disability Tax Credit.

Post by Artie Simm on Fri 05 May 2017, 23:16

By the Bay wrote:Hi Artie,
CRA went back 10 years for me as well....I wrote in to request that they apply the DTC to those 10 years. It took about 3 months for CRA to complete my request.  I was not going to bother with it but I was so glad I did cause I got back a nice refund Cheque.

Was that 3 months from the time you submitted the request...or 3 months from the time you got a letter saying your application had been approved?
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Re: Disability Tax Credit.

Post by By the Bay on Sat 06 May 2017, 00:05

Hi Artie,

I went back to my 2016 calendar to get the exact dates of my DTC approval and reassessment.  The approval for my DTC was 4 weeks and my tax reassessment was less than 3 months this was including mailing it. I was approved for DTC on September 28/ 2016. I sent out my request letter by certified mail on September 30/2016 and received my reassessment notice with my refund Cheque on December 12/2016. Just in time for xmas! Santa was very generous last year lol I hope this helps you out😄
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