What is the Disability Tax Credit?
The Disability Tax Credit (DTC) reduces your taxes in recognition of your disability. You claim the credit when you file your taxes. The DTC is non-refundable—this means you will pay less tax but you do not get any money back.
You need the Disability Tax Credit in order to open an RDSP account.
If you were unaware of the DTC in previous years, you may be entitled to some money back! Sometimes this can be as much as $15,000. Approval can take a few months. Start now and get the ball rolling!
Help with the Disability Tax Credit (DTC)
Have questions or need assistance with the DTC? Disability Alliance BC (DABC) is able to assist individuals through one on one support. Call their Advocacy Access line at 604-872-1278 or 1-800-663-1278, or email firstname.lastname@example.org.