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January 17, 2008

CRA Tax Tip: Claiming medical expenses

The Canada Revenue Agency has posted the following tax tip available at:
http://www.cra-arc.gc.ca/newsroom/taxtips/2008/tt080115-e.html

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 1990 or later? For 2007, the total expenses have to be more than 3% of your net income, or $1,926, whichever is less.

You may also be able to claim medical expenses for the following persons if they depend on you for support:

- you or your spouse or common-law partner's child or grandchild who was born in 1989 or earlier; and
- you or your spouse or common-law partner's parent or certain close relatives who lived in Canada at any time in the year.

For more information on medical expenses, visit www.cra.gc.ca/tax/individuals and select "M" from the drop-down menu for "Medical expenses".


Posted by Taxes.ca Editorial Team [permalink]

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