January 26, 2007
CRA Tax Tip: Claiming medical expenses
The Canada Revenue Agency (CRA) has issued a Tax Tip on claiming medical expenses on your 2006 tax return:
Did you know that you can claim, as a non-refundable tax credit, medical expenses for yourself, your spouse or common-law partner, and your children born in 1989 or later? For 2006, the total expenses have to be more than 3% of your net income, or $1,884, whichever is less.
For more information on claiming medical expenses on your taxes, see the CRA web site at:
http://www.cra-arc.gc.ca/newsroom/taxtips/2007/tt070125-e.html
Posted by Taxes.ca Editorial Team [permalink]
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