Many online payday lenders will offer loans of $1,500 that do not need to have to be paid in full for 6 months. Many Americans have themselves in the spot where other ways for money are restricted. Online payday loans are much better than using a “brick and mortar” lender in that your application can be completed in as little as three minutes, while your approval may take about an hour. Once your loan has been approved, you will have the loan amount directly deposited into your checking account. Keep on track with reminders. User testimonials show that is one of the top authorities when it co ..read more

With it, anyone can consolidate his multiple debts into one easily manageable loan discount. Imagine yourself on an emergency and it needs you to amass a fair bit of currency. Did you know you could take out a personal loan just on the merits of having a steadily paying job? This is referring to a payday loan, which is a way to get loans to cover immediate financial needs without putting up your home or vehicle as collateral. What could you use the money for right now? You surely have your own ideas, but here are four of the top reasons others typically use personal loans. Another way to apply ..read more

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The Canadian Federal Budget for 2021 was released on April 19, 2021. In addition to covering topics such as COVID-19, job creation, and debt management, the Budget also touched on personal income tax measures. This included disability tax credit changes. If you’re unfamiliar with the disability tax credit (DTC), it is a non-refundable credit provided by the Canada Revenue Agency (CRA). To be eligible for the disability tax credit, an individual must be markedly or significantly restricted in their day-to-day life due to a prolonged impairment. The impairment must be physical or mental. For e ..read more

Did you qualify for the disability tax credit in previous years but didn’t claim it? You could be eligible for a retroactive disability tax credit payment. At Graphene Group Accounting, we see this scenario frequently. In some cases, individuals and families are not even aware that they can go back and claim lost credits! However, doing so can help you recover thousands – even tens of thousands – of dollars in retroactive pay. Think you qualify for a CRA disability tax credit retroactive payment? Our DTC experts explain who qualifies and how to recover lost credits. Plus, we’ll tell you how ..read more

If you are approved for the disability tax credit and can’t use the entire amount, you can transfer the unused portion to another taxpayer. Although not everyone is aware of this option, a disability tax credit transfer is a great way to ensure you make the most of the CRA disability tax credit.  But who can claim a disability tax credit transfer? More importantly, how is the transfer completed? Our DTC experts explain. Can disability tax credit be transferred? Who can receive a DTC transfer? Am I able to transfer my disability tax credit to my daughter? Can the disability tax credit be ..read more

The Registered Disability Savings Plan (RDSP) was introduced by the Canadian federal government on December 1, 2008. The RDSP was designed to assist Canadians with disabilities and is much more than just a simple savings account. With the help of this savings plan, you can save for the future and benefit from government contributions. But how does the Registered Disability Savings Plan work and who is eligible? We’ll cover all the most common RDSP FAQs below. Need more information or assistance with your disability tax credit application? Let us know! Our team would be happy to answer your q ..read more

When most people think about disability benefits in Canada, they think about the disability tax credit (DTC). However, once you’ve been approved for the DTC, there are many additional disability programs available to you. These benefits are available from both the federal and provincial governments.  Let’s take a look at some well-known and often overlooked disability credits available to Canadians. Federal Disability Benefits Provincial Disability Benefits and Tax Credits British Columbia Disability Benefits Manitoba Disability Benefits Québec Disability Benefits   Federal Disabili ..read more

Have you submitted your DTC application and been approved? Congratulations! You’ll find the disability tax credit to be a very helpful tool for offsetting your taxable income. Plus, being approved for the disability tax credit means you can now apply for several other benefit programs in Canada. But, before we jump ahead, let’s address a very common question we receive – “I’m approved for disability tax credit now what?” Our DTC experts will walk you through all of the steps you need to take after being approved for the disability tax credit. From how to claim the DTC to how to transfer unus ..read more

Once you’ve determined that you are eligible for the disability tax credit, it’s time to apply. While completing and filing a DTC application may be simple in some circumstances, it’s not always straightforward. As DTC specialists, the team at Graphene Group Accounting has filed hundreds of disability tax credit applications. From experience, we can tell you that many nuances can make or break your application. To help you increase your chances of being approved, our team has put together a list of the top 22 tips we have for improving your DTC application. Here’s how you can improve your ch ..read more