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Financial Tips for Parents of Children with Special Needs: About the Disability Tax Credit (DTC)
Introduction  Children and youth with special needs have medical, emotional, developmental, mental or behavioural problems that require ongoing help and support.   The federal government has various tax deductions, credits and benefits available to help families and caregivers of children and youth with special needs.   In addition, each province has a number of provincial programs as well. Disability Tax Credit (DTC) If you have a child with special needs, the Disability Tax Credit is a non-refundable tax credit that helps people with disabilities or their supporting persons reduce the amount of income ...
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Financial Tips When Your Loved One has a Disability: Information for People Living in Ontario, Canada
Tips for All Canadians Meet with a Financial Advisor. Finances are complicated at the best of times, let alone if you have a special needs child. Poor financial planning can be disastrous. Consider seeking a consultation with a financial advisor, who can help look at your specific financial situation, and come up with a financial plan that makes sense for your family. There are different types of professionals who claim to provide financial help. It is best to find a financial planner that you pay directly yourself, as opposed to one that may be biased (e.g. such as receiving commissions from selling you products that you may not need). How to find ...
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