Disability - Accessing Your Government Benefits

November 22, 2023
12:00 - 1:00 p.m.

Register here to be sent an invitation to the online meeting closer to the date.

CPA Canada is a respected and influential voice relaying matters raised by our members to the Canada Revenue Agency (CRA) and working collaboratively to identify solutions. CPA has put together resources to help manage your finances and provide you with tools to help.

In this session you will learn how to become better money managers.

Learning Objectives for Participants: 
 
• Determine the eligibility criteria and requirements
• Compare which deductions are of greater benefit to taxpayers
• Discuss the procedures to follow when changes in medical conditions occur
• Identify tax implications of making withdrawals and contributions to an RDSP
 
Outline:
 
• The CRA definition of a disability
• Determining eligibility
• Disability Tax Credit
— T2201 Certificate and its purpose
— How is DTC is applied to a tax return
— Claiming DTC and eligible medical expenses
• Registered Disability Savings Plan
— Contributions and benefits
— Qualified financial professionals
— Planning for critical events
— Steps to setting up and maintaining
• Tools & Resources
• Q&A
 

Our Presenter, Peggy Rockwell, CPA, is a financial literacy volunteer with CPA Canada. She is a member of Order of Chartered Professional Accountants in Quebec and Nova Scotia. Her professional experience is well-rounded, as she is a former Controller of a non-profit organization a practicing Chartered Professional Accountant and a business advisor. She provides consulting services relating to systems implementation, as well as business planning. Peggy provides custom business programs with clients ranging from small to large corporations and governmental agencies.