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Tax Season: Saving money on health costs using the CRA medical expense tax deduction

Did you know that you may be able to claim some of your medical expenses and premiums on your personal tax return?

The Canada Revenue Agency lists this in detail on their webpage:

www.cra-arc.gc.ca/medical

You can claim only eligible medical expenses on your tax return if you, or your spouse or common-law partner:

 

  • paid for the medical expenses in any 12-month period ending in 2017
  • did not claim them in 2016
  • Generally, you can claim all amounts paid, even if they were not paid in Canada.

 

In particular, premiums paid to private health services plans are eligible. The amount you pay on your payroll deduction is an eligible health expense deduction on your taxes. Please note that any amount paid by your employer is not eligible.

Please note that this includes your health and dental premiums, but not premiums towards Life Insurance or Long Term Disability.

 

Further, any expenses you paid out of pocket that could not be claimed on your group benefit plan may be eligible. Please visit www.cra-arc.gc.ca/medical to search for what can and cannot be claimed.

 

For more information, please call the CRA at 1-800-959-8281.