What is the Medical Expense Tax Deduction and who can claim?
The medical expense tax deduction is available and may benefit you if you have purchased prescription medication or purchased medical supplies or paid for a nursing home during the tax year.
These expenses can be claimed for yourself and or your family members. In order to claim medical expenses, they must be more than 3% of your net income or $2,152.00, whichever amount is less.
What medical tax deductions are eligible?
The list is quite extensive so this is just a brief listing of some of the medical expenses that can be claimed on your income tax return, if prescribed by a medical professional.
As long as you have not and will not be reimbursed for the expenses claimed.
see link for more eligible deductions and more detailed information
What medical expenses are not eligible?
Cosmetic procedures done to enhance your appearance are not eligible unless medically required due to a disease, a deformity or an accident.
A brief list of other expenses that do not qualify are:
What is the cut off date to claim?
You can claim tax deductions for medical expenses that were paid in any 12 month time frame ending in 2013 as long as they weren’t claimed for in 2012.
In order to claim, the medical expenses must be more than 3% of your net income or $2,152.00, whichever amount is less.
Expenses for you, your spouse or common law partner and your dependant children can be claimed on line 330.
Expenses for other dependants (grandchild; or your or your spouse’s parent, grandparent, brother, sister, aunt, uncle, niece, or nephew who are dependant on you for support) can be claimed on line 331.
Income Tax Act - Medical Expense and Disability Tax Credits and Attendant Care Expense Deduction
Benefit Payment Dates To Remember
Child Tax Benefit and Universal
Child Care Benefit
Last: September 19, 2014
Next: October 20, 2014
GST/HST Credit and Working
Income Tax Benefit
Last: October 3, 2014
Next: January 5, 2015
*Keep your slips, receipts and supporting documents in case your return is selected for review
2013 Filing Deadline
Wednesday April 30, 2014 *Extended to Monday May 5th
Monday June 16, 2014