Disability Tax Credit for Seniors in Canada
Do you have a medical condition that prevents you from living life to the fullest in your golden age? Are you a caregiver to a senior with a medical condition seeking financial relief on their behalf? If so, you or your dependent may be eligible for the disability tax credit for seniors.
The later years of your life should be spent worry-free. If you are a caregiver to a senior, you’re already taking on a lot of stress. Choosing to work with one of our government refund specialists means minimal effort for you and one less thing to worry about. Our accountants have over 15+ years of experience and are very knowledgeable about eligibility criteria for disability tax credits for seniors in Canada. With our expertise, there is a greater chance that your application will be approved.
In addition, we can also advise you about ways to reduce your tax bill, such as through the Medical Expense Tax Credit (METC), which is a non-refundable credit, but it allows seniors some tax relief.
Beyond the disability tax credit, many seniors are unaware of the range of government benefits and refunds they might qualify for, such as the Age Amount Tax Credit or Pension Income Splitting. At Count Smart, we ensure you are fully informed of every opportunity to reduce your tax burden.
Caring for a loved one and their medical costs can be expensive, but with one of our case specialists by your side, you have the opportunity to explore additional refunds that you may be eligible for.
If you’re applying on behalf of a loved one, our team can assist in gathering the necessary documentation, working with medical practitioners, and filing your application directly with the Canada Revenue Agency (CRA). Our step-by-step guidance ensures no detail is overlooked.
Examples of Qualifying Medical Conditions for Seniors
Are you living with any of these medical conditions?
- Osteoarthritis / Rheumatoid Arthritis / Osteoporosis
- Knee / Hip Surgery
- Dementia
- Alzheimer’s
- Parkinson’s
- Stroke
- Hearing Loss
- Macular Degeneration
- Crohn’s Disease
- Arthritis
- Parkinson’s Disease
- Diabetes
- Incontinence (Bladder or Bowel)
- Chronic Pain Conditions
- Severe Vision Impairment
- Respiratory Disorders, such as COPD
If the effects of your condition interfere with your physical, mental, or neurological functions or make it difficult to complete tasks or activities, you may qualify to claim the disability tax credit for seniors. Alternatively, if you have less-severe impairments from more than one category (i.e., walking, hearing, speaking, vision), you may meet the eligibility criteria.
Count Smart offers free consultations where we review your medical condition and help you navigate the application process to determine your eligibility. Whether you’re a senior or a caregiver, we take the stress out of the application.
FAQs: Disability Tax Credit for Seniors
- Assistive devices such as wheelchairs, hearing aids, and walkers.
- Home modifications like installing ramps, stairlifts, or widening doorways for accessibility.
- Medical supplies not covered by provincial healthcare plans, such as incontinence products or specialized equipment.
- Transportation costs related to medical appointments, particularly if accessible transportation is required.
- Therapies and treatments that address physical, mental, or neurological impairments.
This credit provides financial relief to seniors and their caregivers by reducing the overall tax burden.
Requesting a quote from Count Smart is simple and hassle-free. You can visit our website and use the contact form to provide your details for a personalized quote, call us directly to speak with a specialist about your situation. Additionally, you can book a free consultation where we’ll assess your case and provide an overview of potential costs and tailored services. Our transparent pricing ensures you know exactly what to expect, with no hidden fees.
