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Jan 18, 2023

Disability Tax Credit for Canadians (DTC)

The topic is about the Disability Tax Credit (DTC) available to Canadian ostomates. This credit can help reduce personal income taxes, which can be a significant financial relief. Here are some helpful insights and advice based on the experiences shared:

1. An Ostomy Canada webinar provides valuable information about the DTC. It will be available on the Ostomy Canada website, so it's a good idea to check it out if you're interested in learning more.

2. Even if you're unsure about qualifying, it might be worth applying for the DTC. One person mentioned they sent in their application despite their uncertainty.

3. Many people have successfully received the DTC for several years and find it very beneficial. One individual shared that they receive an annual non-refundable tax credit of about CAD $8,000, which leads to significant tax savings.

If you're a Canadian ostomate, exploring the DTC could be a worthwhile step in managing your finances.
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