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Canadian Disability Benefits – Ultimate Guide to Uncovering up to $40,000 in Disability Benefit

November 7, 2018 | 0 Comments
Canadian Disability Benefit

Canadian Disability Benefits, What is it and how it can help you!   What is the Canadian Disability Benefits? Living diagnosed with a disability can be very difficult. Medical expenses rises, cost of living goes up, and work become a lot more difficult. By contacting Blue Ocean Financials we can get you in contact with specialized reps that can help you go through the process of applying for your Disability Tax Credit Application. The main 3 federal government disability programs are CPP- Disability, Disability Tax Credit, and the Registered Disability Savings Plan. CPP-Disability The Canadian Pension Plan Disability is a federal government program that you can tap into if you have previously been employed and is over the age of […]

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More On The Disability Tax Credit & How You Can Benefits

November 5, 2018 | 0 Comments
Disability Benefit Tax Credit

What is the Disability Tax Credit? The Disability Tax Credit, or the DTC is a non-refundable tax credit solely created for the purpose of providing a more equitable tax system for Canada’s disabled population. It was established by the Canadian government for the first time in 1988. The purpose of this effort was to enable a tax paying disabled Canadian along with their family to compensate for the various disability costs and reduce the amount of income tax that a disabled individual must pay annually. Initially, disabled Canadian population criticized the DTC for having a difficult application process, for being too restrictive as well as providing insufficient tax relief. But, later in 2014, all these concerns were addressed and the […]

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22 Year old with down syndrome disability builds multimillion-dollar company

October 10, 2018 | 0 Comments
Disability benefits

A father and his son with a down syndrome disability have teamed up, and have grown their year-and-a-half-old sock business into a US$4-million empire called John’s Crazy Socks, all based on a simple mission statement: to “spread happiness.” Twenty-two-year-old John Cronin, who has a disability -Down syndrome, was graduating from high school and trying to figure out his next steps in life when he decided he wanted to go into business with his dad, Mark Cronin. I want to go be with my dad because I love my dad very much. I want to go do something fun,” John said at their Huntington, N.Y., office and warehouse. Mark and John brainstormed on ideas, like a “fun store” or a food […]

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The Guide To Uncovering Your CPP Disability Benefits

July 15, 2018 | 0 Comments

Table of Contents What are the CPP Disability Benefits? Which Disabilities Entitle a Person for Benefits? What is the Eligibility Criteria? Contribution Requirements Disability Requirements Age Requirements How Do You Apply for Disability Benefits Under the CPP? Downloading the Forms Filling Out the Application Forms Filling Out the Child Rearing Provision Forms Processing Times Do Disability Forms Always Get Accepted? Is there Any Chance of a Revaluation of my Application? How Do I Appeal my CPP Disability Case? Pursue Your Own Medical Testing How Much Are The Various Canada Pension Plan Payment Amounts? Frequently Asked Questions Are You Entitled to Receiving CPP Disability Benefits if You Have Never Worked? Will I Still be Filing Taxes if I Get the Disability […]

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Disability Tax Credit Guide to Uncovering up to $40,000 in Disability Benefit

July 10, 2018 | 0 Comments
Disability Benefit Tax Credit

Table of Contents What is the Disability Tax Credit? How Does the Disability Tax Credit Work in Canada? Retroactive Current and Future Who Is Eligible for Disability Tax Credit? How to Qualify for Disability Tax Credit? What is the Disability Tax Credit Form T2201 / Certificate? How to Apply for DTC? Option 1 Option 2 Option 3 How Much Time Does the CRA Take to Process Applications? Eligibility Assessment Refund Assessment Where Do I Send the Application? How Much is the DTC Worth? How is the DTC Calculated? Who Qualifies for the Disability Tax Credit? What Disabilities Qualify For Disability Tax Credit in Canada? Can You Get Disability Tax Credit if You’ve Never Worked? Will I Have to File Taxes […]

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