The government announced a series of measures to help Canadians with disabilities navigate the effects of the COVID-19 pandemic, including a one-time, tax-free, non-reportable payment of $600 to assist with expenses incurred during the pandemic.
In order to be eligible for the payment, an individual must be a recipient of any of the following programs:
If you are eligible, the payment will be received automatically. Additionally, if a Canadian with a disability would be eligible for the Disability Tax Credit, but has not yet applied, the person would have 60 days from the time the legislation is approved to apply.
Seniors who are eligible for the Disability Tax Credit will only receive a total of $600 in special payments. Therefore, they would only receive $300 from the disability support if receiving Old Age Security pension, and $100 if receiving the Old Age Security Pension and the Guaranteed Income Supplement due to support already announced for those programs.
If you would like more information on this topic, please contact a member of the Empire CPA team by filling out the contact form below.
Canadian and foreign tax laws are complex and have a tendency to change on a frequent basis. As such, the content published above is believed to be accurate as of the date of this post. Before implementing any tax planning, please seek professional advice from a qualified tax professional. Empire, Chartered Professional Accountants will not accept any liability for any tax ramifications that may result from acting based on the information contained above.
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