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Glossary term
DTC — Disability Tax Credit
Disability Tax Credit — non-refundable federal tax credit for people with severe + prolonged impairment. Approval via Form T2201 (medical practitioner). Unlocks RDSP, CDSG/CDSB. Backdate up to 10 years of past tax refunds possible at approval.
Related terms
Tax-loss harvesting
Strategy: sell an investment at a paper loss in a non-registered account to realize the capital loss, then bu…
Superficial loss rule
CRA anti-abuse rule: if you sell a security at a loss and re-buy 'identical property' within 30 days (before…
GST/HST registration
Goods and Services Tax / Harmonized Sales Tax registration — federal value-added tax. Self-employed / busines…
YMPE / YAMPE
YMPE (Year's Maximum Pensionable Earnings, $73,200 in 2026) — primary CPP cap. YAMPE ($83,200 in 2026) — seco…
Spousal RRSP
Spousal RRSP — RRSP where you (higher-income spouse) contribute but your spouse is the annuitant (owner). Goa…
RRSP over-contribution
CRA allows a $2,000 lifetime buffer above your RRSP room without penalty. Above $2,000 — 1% per-month penalty…
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