$3,173 Canada Child Disability Credit: How to Claim $3,173 and Who is Eligible for it?
Eligibility for Disability Tax Credit (DTC) Disability Tax Credit Approval: The child must be eligible for the Disability Tax Credit (DTC). This involves having a severe and prolonged impairment in physical or mental functions
Age Requirement Child Age: The credit is available for children under the age of 18 who meet the DTC eligibility criteria.
Complete Form T2201 Medical Practitioner Certification: Have a qualified medical practitioner complete and certify the Form T2201.
Wait for Approval CRA Review: The CRA will review the application and determine if the child is eligible for the DTC. This process may take several weeks. The CRA will notify you of their decision in writing.
Claiming the Credit on Your Tax Return Tax Year Adjustment: Once approved, you can claim the Disability Amount for the child on your tax return.
Canada Child Benefit (CCB) Adjustment Additional Amount: The Canada Child Benefit (CCB) may provide an additional amount for each eligible child with a disability. This additional amount is integrated into the monthly CCB payments.
File Annual Tax Returns Annual Filing: Ensure that you file your annual tax returns on time to continue receiving the credit and any additional benefits. Update any changes in your child's condition or your financial status.
Documentation Keep Records: Maintain copies of all documents submitted to and received from the CRA, including the completed Form T2201 and any correspondence regarding the approval of the DTC.
Retroactive Claims Retroactive Adjustment: If you are approved for the DTC and your child was eligible in previous years, you can request a reassessment of your past tax returns to apply the credit retroactively.
CRA Assistance Support and Guidance: If you have questions or need assistance with the application process, contact the CRA directly or consult a tax professional for guidance.