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You made a claim for medical expenses on line 33200 of your tax return (Step 5 – Federal tax) or for the disability supports deduction on line 21500 of your tax return. You were resident in Canada throughout 2023. You were 18 years of age or older at the end of 2023. You must also meet the criteria related to income.
Either Richard or Pauline can claim this amount on line 33099 of their tax return (Step 5 – Federal tax). Since Rob is over 18, his medical expenses should be claimed on line 33199. Pauline’s net income (on line 23600 of her return) is $32,000. She calculates 3% of that amount, which is $960.
Medical ExpenseEligible Expense?Prescription Needed?Certification In Writing Needed?Acoustic couplerEligibleYesNoEligibleYesNoEligibleYesNoEligibleYesNoOct 1, 2020 · This allows you to claim those medical expenses you couldn’t claim last year, as long as the last date ends in the tax year. For example; Linda paid $1,500 for her eye Lasik surgery on May 1 st last year, and that was her only medical expenses for the year. Her net income was $60,000 so her 3% threshold is 3% x $60,000 = $1,800.
Expenses you can claim. You may be able to claim as medical expenses the salaries and wages paid to all employees who do the following tasks or services: food preparation; housekeeping services for a resident's personal living space; laundry services for a resident's personal items
May 1, 2024 · You can claim medical expenses for any 12-month period ending in the taxation year—but, in order for you to make a claim, your total eligible medical expenses must equal more than the lesser of 3% of your net income, or $2,635. With the ability to carry forward some unclaimed expenses to the next year, planning becomes important in your tax ...
Medical expenses for other eligible dependants are claimed on line 33199 (line 331 prior to 2019) of the federal tax return. A separate calculation is done for each dependant. Only expenses in excess of the lesser of $2,635 for 2023 ($2,759 for 2024) or 3% of net income of the dependant can be claimed for the federal tax credit.
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Apr 22, 2022 · Year one expenses = $8,400. Year two expenses = $7,775. If you claim each year independently, you’ll have to deduct the 3% in both years: Year 1 months 7–12 = $6,150 ($8,400-$2,250) Year 2 months 1–6 = $5,525 ($7,775-$2,250) If you combine the two years, you’ll only reduce the total claim by 3% at one time.
