Feb
Can I Claim My Contacts Lenses/eye Doctor Visits/orthodontics On My Canadian Taxes? (ontario)?
Filed Under (Orthodontics) by admin on 01-02-2010
Tagged Under : Canadian, Claim, Contacts, Doctor, Lenses/eye, Ontario, Taxes, Visits/orthodontics
Yes, each of those expenses is an allowable medical expense, assuming that you didn’t receive any reimbursement from a medical plan for them.
To claim them you total your medical expenses. In order to receive a credit your medical expenses need to exceed 3% of your Net Income to a maximum of $1,884 (net income of $62,800). The credit is put on S1 and ON 428 for Ontario.
So as an example if you have $2000 in medical expenses and $30K in income you have an allowed claim of $2,000 – ($30,000 X .03) = $1,100.
The tax credit is worth 15.25% of the allowed claim Federally and 6.05% Ontario.
The below link goes to CRAs information on claiming medical expenses.
Hope that helps.
Cheers.
