Tax Tip #4 – Change in Allowable Medical Expenses

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Tax Tip #4 in our Series of Tax Tips….

healthcare and medicine.

A new change came into place in 2010 which affects the medical and dental expenses which can now be claimed for tax purposes. Medical or dental services or related expenses which are provided for purely cosmetic purposes are no longer eligible medical expenses for purposes of the medical expense tax credit, unless the services are necessary for medical or reconstructive purposes.  This is effective for expenses incurred after March 4, 2010.

For a list of Allowable Medical Expenses as dictated by CRA.

Has this change affected you in anyway?

 

Copyright: olegdudko / 123RF Stock Photo

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Juliet Aurora

About the Author:

Juliet Aurora is the President and CEO of AIS Solutions. She has been in the Accounting and Finance space for more years than she will ever admit. When she isn’t acting as the Sensei for her team of Bookkeeper Ninjas, you will find her working tirelessly to advocate the accreditation of bookkeeping in Canada. Her vision is for AIS Solutions to become the standard against which all other bookkeepers and bookkeeping firms are measured. Juliet can be contacted by email or by calling 1 888 575 5385.
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