What is the ‘disability tax credit’? I know some parents save on taxes by using this tax credit and others have never heard of it.
Thursday, October 30th, 2008 Posted in Estate Law, ODSP Benefits, Tax Law | No Comments »This tax credit is available whenever a child of any age is markedly restricted in the activities of daily living on an on-going basis. The restrictions can be cognitive, developmental, physical or mental, or a combination of disabilities. This tax credit ...
I’ve heard about the ‘caregiver credit’ used by some families to reduce taxes. When does this apply?
Thursday, October 30th, 2008 Posted in Estate Law, ODSP Benefits, Tax Law | No Comments »If a child is over 18 years of age, on ODSP, and resides full time or substantially all of the time with the parent or other family member, then the family member qualifies as a care-giver of that child. They ...
Why do some people receiving Ontario provincial disability benefits receive $750 each month while others receive $979?
Thursday, October 30th, 2008 Posted in Estate Law, ODSP Benefits, Tax Law | No Comments »The $750 amount is the 'room and board' allowance. If a child lives with the parent they will automatically be slotted into this amount. The $979 amount is composed of $436 for shelter/rent and $543 for supplementary ...
