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All about the disability tax credit

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Ron Lalonde

What are the consequences when a medically challenged qualified for the DTC child age 6 dies after having $3000 contributed to the RDSP. Assumption is that child has no will and no other assets?

Wednesday, Nov 29, 2017 at 1:17 pm Reply

KATIE KEIR

Hello Ron, Thanks for reaching out and for your comment. We have contacted David and this is his response: “The RDSP needs to be closed within the next two years. All grants and bonds distributed in the plan in the last 10 years must be reimbursed to the government, and all accumulated value needs to be taxed in the estate. Since the child has no will because he is six (and, therefore, cannot enter into a legal document), he will die intestate. That means that it will follow the rules distribution according to the legislation of the province.”

Monday, Dec 4, 2017 at 2:15 pm

Jill Phillips,

Do you have to apply provincially as well as federally or is the provincial DTC done automatically if CRA approves?

Thursday, Oct 5, 2017 at 4:12 pm Reply

ADVISORKK

Hello Jill,
Thanks for reading and for reaching out. We connected with David and his response follows. “I just spoke with an agent at CRA. Here is their response: since federal tax and provincial tax are administered by the CRA, there is no additional form to send when you claim the DTC amount provincially. The only exception is in Quebec since it is the Revenu Québec. You need to send the form T2201 to CRA and Revenu Quebec.”

Wednesday, Oct 11, 2017 at 11:06 am