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Disability tax credits are available to anyone who has difficulties performing everyday functions of life. For 2011, the tax credit is $7,341. Everyday functions of life include blindness, life sustaining therapy, restritions in speaking, hearing, walking, bowel or bladder elimination, feeding, dressing or mental functions. The restriction must last a minimum of 12 months. To […] Many taxpayers don’t bother with filing their tax return because they owe money and can’t afford to pay it. This just compounds their problem. If a tax return is not filed on time, for a first time offender, the CRA will charge a penalty of 5% of any tax owing as soon as the return […] |
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