loader image

How can one save in income taxes paid?

People who have medical conditions may apply for tax savings. This reduces the amount of income tax they pay and can be retroactive for up to 10 previous years.

If you are a taxpayer and are helping a family member who has a chronic medical condition — and that family member doesn’t pay income tax — you may benefit.

How does one qualify? Any Canadian of any age who has a significant health condition may qualify for the disability tax credit.

That is birth to death and a supporting person may apply for a deceased family member for up to two years after the person with the health issues has passed away.

Diagnosis is not the qualifying factor.

It is how the condition affects one’s daily living.

Why am I so successful? I have been a disability tax credit specialist for nine years and I know the requirements for a successful application.

The first step is assessing people to determine if they qualify. I don’t waste anyone’s time; if I don’t believe they qualify, I will not accept them as a client.

I collaborate with medical professionals to ensure the applications are explicable to the Canada Revenue Agency and save medical professionals time by offering them my expertise on applications.

The disability tax credit is a gateway to other federal, provincial or territorial programs, including the registered disability savings plan (RDSP) and the child disability benefit. Once eligible for the disability tax credit, people can then apply for other programs.

If you or a family member has a chronic medical condition, you may be entitled to a disability tax credit.

Nellie Krombach is general manager of Supportive Options & Solutions, serving all of B.C. To learn more, call 250-674-2416 or Contact Us.