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 $2,237.00, 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
Click here for more eligible deductions and more detailed information on the list above
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 2018 as long as they weren’t claimed for in 2017.
In order to claim, the medical expenses must be more than 3% of your net income or $2,302.00, 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
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File by April 30th and incur no penalties or interest
Most Canadian 2024 income tax and benefit returns will be due on April 30th, 2025, your return will be considered on time if the CRA receives it, or if it is postmarked, on or before the next business day. Again, the CRA will consider your return as filed on time if your submission is filed or if it is postmarked by midnight on Wednesday April 30th, 2025
If your return is not filed on time you risk a delay in the processing of your GST/HST Credit; Canada Child Benefit (CCB) payment; Old Age Security Benefit (OAS) payment, along with any provincial credits you are eligible for.
Deadline to contribute to a RRSP, PRPP, OR SPP is February 28th, 2025
Benefit Payment Dates To Remember
Canada Child Benefit
Last: Dec, 2024
Next:
January 20, 2025
GST/HST Credit and Canada
Workers Benefit
Last: Oct , 2024
Next:
January 3, 2025
*Keep your slips, receipts and supporting documents for six years, in case your return is selected for review. Also, keep a copy of your return, notice of assessment and reassessment.
The Upcoming 2024 Filing Deadline
Individuals
Wednesday April 30th, 2025
Self Employed
Monday June 16th, 2025