I will be updating this as my time permits.
Here is my journey that i’m sharing for those that have been approved for the DTC and wondering what they can seek out next…
So, after a long period of waiting and refreshing the CRA website, I have been approved for the Disability Tax Credit. I don’t really know where to go from here. I was approved from 2015 to 2023…Can anyone help me with the next steps or guidance on how to proceed a with my back taxes? Revise previous year’s taxes?
Thanks in advance!
What I found out-
After you have been approved for the DTC, you get an opportunity to reassess your taxes backdated to the start of your disability(as specified by your doctor) or going back 10 years. There is a option to have the CRA do this automatically once you have been approved or have it done yourself. This takes some time since it can be complex and span a large number of years. Give this at least 4 weeks and an average of 6 to 8 weeks… though, depending on time of year, this may even take longer. If you worked for any of those years you should get approximately $1000 to $2500 back. This isn’t set in stone and ranges substantially depending on your situation in that specific year. I use Simple Tax (https://simpletax.ca/) for the ease of use to try to guess ahead to estimate what I can possibly get back.
To be continued…