We will also discuss the new Canada Disability Benefit (CDB) and take an in-depth look at the use of the Registered Disability Savings Plan (RDSP)—giving you the practical knowledge required to effectively advise these client files.

TOPICS:

• Disability Tax Credit
  • o   Why it matters
  • Eligibility
  • Application Process
  • Claiming and Transferring the DTC
• Attendant Care and Nursing Home Expenses
  • Tax Treatment
  • Interaction with DTC
  • Claim by a supporting individual
• Other Tax credits and deductions
  • Disability supports deduction
  • Child care expense
  • Canada Caregiver Amount
  • Home Buyer’s Credit
  • Home Accessibility Tax Credit
  • Home Buyer’s Plan
• RDSP
  • Eligibility
  • Opening an account
  • Contribution limits
  • Canada Disability Savings Grants and Bonds
  • Payments out of a RDSP
  • Specified Disability Savings Plans
  • Effect on government benefits
  • Cessation of eligibility for Disability Tax Credit 
  • Death of a RDSP beneficiary
• Canada Disability Benefit
  • Eligibility
  • Application process
  • Benefit amounts
• Estate Planning Considerations
  • Rollovers
  • Henson Trusts
  • Qualified Disability Trusts

LEARNING OBJECTIVES:

• Understand the importance of the disability tax credit certification
• Be aware of the various credits and deductions that may be available to a client that is disabled
• Learn the benefits of an RDSP
• Become familiar with the Canada Disability Benefit 
• Recognize estate planning issues for the disabled

THIS WEBINAR INCLUDES:

• 30 days to review the webinar recording
• PDF version of the presentation slides
• PD Certificate for 3 hours 

PRESENTER: Maureen Vance B.Com., CPA, CA

Maureen obtained her CA with Peat Marwick Mitchell (a predecessor of KPMG) and joined Taxprep (now part of Wolters Kluwer) in 1985. She completed the CICA In-depth tax course in 1991, and since 2002, she has been a consultant to Wolters Kluwer on tax and compliance issues.

Maureen researches and writes material on tax planning and compliance and presents webinars on various tax topics to tax practitioners across Canada. She is a contributing author to the Wolters Kluwer publications Preparing Your Income Tax Returns, Preparing Your Corporate Tax Returns, Preparing Your Trust Returns and Preparing Your Partnership Returns.

As a parent of an adult child with disabilities, Maureen has first-hand knowledge of the tax issues related to disabilities and has made numerous presentations on RDSPs and other tax issues to various parent groups.

PROFESSIONAL DEVELOPMENT (PD) CREDITS:

Wolters Kluwer's professional development programs are designed to meet the continuing education requirements of various professional associations. You will receive the same number of credits as the length of the webinar. Please consult your provincial association to ensure this webinar meets the continuing professional development standards applicable to your specific situation.

CANCELLATION POLICY:

Cancellations must be confirmed in writing at least one (1) business day before the start of the broadcast to receive a full refund. No refunds will be issued for notices received after the cancellation period. If the webinar is cancelled, participants will be notified and may transfer their registration or obtain a refund.