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What is a disability tax credit for income tax purposes and does the test for disability vary from that used by Canada Pension Plan?

April 26, 2017disability pension plan purposes tax credit Test Used

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What is a disability tax credit for income tax purposes and does the test for disability vary from that used by Canada Pension Plan?

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Yes, there is a disability tax credit. It is approximately $4,000 and is a non-refundable tax credit which reduces the tax you owe. The test is different, however, than Canada Pension Plan, and is in fact more stringent.