Disability tax credit Individuals suffering from a severe and prolonged mental or physical impairment can claim a federal disability amount of $7,766 for 2014. If the person with a disability is a child under 18, there’s an additional supplement of $4,530 for 2014, for a total disability amount of $12,296. To qualify, a doctor must […]
A registered disability savings plan (RDSP) is a savings plan that is intended to help parents and others save for the long term financial security of a person who is eligible for the disability tax credit. Contributions to an RDSP are not tax deductible and can be made until the end of the year in […]