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Elysium
Got approved for the DTC
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<blockquote data-quote="johnvee" data-source="post: 83232" data-attributes="member: 355"><p>disability tax credit, it lowers taxable income, once approved they retroactively go back the last ten years and any years worked where taxes were paid they dredit back the difference as if you had the tax credit then, it also entitles one to 200.00 a month of tax free money till 65, for "the costs associated with living with a disablity", it also gives access to a special savings account for retirement where the government will handsomely matc anything the applicant puts in to a point, it cant be withdrawn till 60 years old and can be paid into until 49, the max amount one can put in each year is 1500.00, 1500.00 the government matches with 3500.00, so essentially investing 15 grand over ten years is worth 50 grand at 60 years old when its withdrawn.</p><p></p><p>I live in canada so its a canada only benefit.</p></blockquote><p></p>
[QUOTE="johnvee, post: 83232, member: 355"] disability tax credit, it lowers taxable income, once approved they retroactively go back the last ten years and any years worked where taxes were paid they dredit back the difference as if you had the tax credit then, it also entitles one to 200.00 a month of tax free money till 65, for "the costs associated with living with a disablity", it also gives access to a special savings account for retirement where the government will handsomely matc anything the applicant puts in to a point, it cant be withdrawn till 60 years old and can be paid into until 49, the max amount one can put in each year is 1500.00, 1500.00 the government matches with 3500.00, so essentially investing 15 grand over ten years is worth 50 grand at 60 years old when its withdrawn. I live in canada so its a canada only benefit. [/QUOTE]
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Elysium
Got approved for the DTC
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