A new federal benefit for working-aged people with disabilities, the Canada Disability Benefit (CDB), will issue the first payments this July 17. The amount may reach up to $200 per person in a month, but it depends on your circumstances.
The new federal benefit aims to support working Canadians with disabilities, as they often deal with additional costs of living and employment hindrances. The Canada Disability Benefit gives these groups of people a crucial financial safety net, improving their overall quality of life.
Who Can Benefit? Check Your CDB Eligibility
Check if you or someone you know is eligible for the benefit through these criteria:
- A valid Disability Tax Credit (DTC) certificate
- Residency in Canada
- Meets income threshold, as the benefit is income-tested (government is yet to announce the threshold)
While the initial phase of the Canada Disability Benefit focuses on individuals who are already eligible for the Disability Tax Credit, the government plans to allow more applicants in the future.
How Can You Claim the New Benefit?
If you already have a valid DTC certificate, you may be automatically enrolled. Be sure to check that your DTC application is current and accurate.
The government is yet to finalize the process, but you can easily access the application online.
Stay Informed
As the Canada Disability Benefit is just being rolled out, more details about the exact payment amounts, income thresholds, and the full application process have yet to be finalized. Stay updated with latest tax news at Legend Fusions!
Jeffrey Ross is an experienced tax accountant focused on US-Canada cross-border taxation, with over three years in the industry, including a key role as client manager at a Canadian tax firm. He provides expertise in corporate and personal tax planning, specializing in non-resident tax, capital gains, CRA and IRS compliance, and retirement planning. Known for his personalized approach, Jeffrey is dedicated to guiding clients with clear, practical advice tailored to complex tax scenarios, aligned with the evolving tax laws.