Disability Support Program Canada: What is DSP Canada and Who can benefit from it? and more details are available here. The aim of launching Disability Support Program Canada is to support the citizens financially. Several people have faced uncertainties during the pandemic, which is why the Government took responsibility. Let us discuss the plan in brief in this article.
Disability Support Program Canada
It was intricate for the disabled to choose the benefits provided by the Government. Each benefit comes with limitations. Many benefits were beyond the eligibility criteria of disabled persons.
To overcome this concern among the citizens and provide disabled persons with equal benefits and support, the Disability Support Program was launched. Read the article to learn more about the Disability Support Program.
|
Important Links |
What is DSP Canada?
The disability support program is a registered benefit for persons declared medically unfit by a healthcare professional in Canada. This program aimed to provide equal social security and financial stability to individuals and families with infirmity. All the provinces will provide partial or complete exemption from the program.
The registered disability support program was the tax refundable plan for the approved individuals to receive the disability tax credit. The credit can be paid by the end of the year. This non-deductible tax can be paid until the beneficiary turns 59 years old.
Overview of Disability Support Program Canada
Many benefits support the disability support program. Here are a few examples of those benefits
CPP (Disability Benefit)
The child benefit program applies to all the applicants in the country, including candidates with particular disabilities. The child under the age of 6 years will receive the amount of $ 619.70 and the additional disability supplement of $264.41. The child above the age of 6 will receive the basic amount of $522.19 and the additional supplement of $265.41 monthly.
Disability Tax Credit
The DTC is a refundable tax credit that helps the candidates with impairment or the supporting family reduce the tax they must pay. For applicants above 18 years will receive the amount of $8870. The candidates below the age of 17 will receive $8870 with the child benefit of $5576.
CWB (Disability Supplement)
The Canadian Government will provide the candidates with the disability with a security deposit. This will include a minimal payment and an additional disability supplement. The individual will receive the least amount of $1428, and the family with the disability will receive the basic amount of $2461. The additional supplementary payment will be $757 per individual.
Ontario Disability Support Program
The Government provides food and shelter benefits through the Ontario Disability Support Program. The program also emphasizes health benefits and employment support. The amount you will receive will depend on your situation and the cost of living. In July 2023, the basic pay was increased by 5%.
In the upcoming year, the authorities have released a notification for the increase in the payment. The amount of $1308 will be deposited into the accounts of the beneficiaries.
Canada Disability Saving and Grant Bond
The candidates under the Canada Disability Saving and Grant Bond will receive the amount of $3500 per month and over $75000 per year. The Government will pay the matching pay 300%, 200%, and 100% of the depending upon the beneficiaries’ adjusted net income.
|
Important Links |
Who can benefit from it?
Each benefits have its eligibility criteria. Here are some common criteria for Disabled Candidates:
- The applicant has been a resident of Canada for over ten years.
- The applicant should be a taxpayer.
- The age criteria are different from the different benefits.
- The applicants should have a long-time disability.
- Applicants with disability caused by alcohol, nicotine, drugs and gambling will not be eligible for the benefits.
- The applicants should have all the related proof of their disability.
- The applicants living in the rented house should have the tax credit paid by the landlord.
- The child under the child benefit program should have the documents verified by the CBP.
After checking the eligibility, the applicants must wait for the verification to get the amount.
Conclusion
The Government needs to know the financial statements of the applicants, thus, they are required to file tax returns. There are no costs provided for the personal demands. If you disagree with the decision made by the department, you can contact the authorities or request an administrative review.