Senate of Canada - Breaking Down Barriers: A critical analysis of the Disability Tax Credit and the Registered Disability Savings Plan

Last modified by Hendrick Guerra on 2018/11/14 16:54

Source

Senate of Canada - Standing Senate Committee on Social Affairs, Science and Technology 

Year

 2018

Region

 Canada

Type

 Website/Report

Objective

 Urge the government to reform two of its principal support programs that are intended to give Canadians living with disabilities and their families tax relief and help them save for the future.

Key Notes/Findings:

The Disability Tax Credit helps Canadians by reducing the amount of income tax they are required to pay. The Registered Disability Savings Plan helps people with a disability or their caregiver save for the future by putting money into a fund that grows tax free until the beneficiary makes a withdrawal.

The report makes 16 recommendations aimed at improving both programs. They are divided into short-term objective to make the process for the two programs simpler and clearer, and a long-term philosophical shift in the way Canada deals with people who are in financial distress but cannot advocate for themselves.  Recommendations include removing barriers that prevent people from taking advantage of the Disability Tax Credit and making enrollment in the Registered Disability Savings Plan automatic for eligible people under 60 years of age.

The committee undertook the study after hearing of a sudden spike in the number of Disability Tax Credit applications that had been rejected. Committee members share the concerns raised by witnesses over the programs’ ability to create greater tax equity for Canadians living with disabilities.

Reference:

Senate of Canada. Senate of Canada - Breaking Down Barriers: A critical analysis of the Disability Tax Credit and the Registered Disability Savings Plan [Internet]. Senate of Canada. 2018 [cited 2018 Nov 14]. Available from: https://sencanada.ca/en/info-page/parl-42-1/soci-breaking-down-barriers/

Created by Hendrick Guerra on 2018/11/14 16:52

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