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 ...

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Tax Tip #3 – Charitable Donations

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charitable donationsHere is the next tip in our series of Tax Tips.

There is usually an added benefit if payments for charitable donations for two years are grouped into one year. This is due to the fact that the first $200 of donations is eligible for a 15% federal non-refundable credit in 2010 while the excess over $200 is eligible for a 29% credit. ...

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