What’s New for 2023 Tax Returns:
Updated January 2024
Medical Expenses
Medical expenses that exceed 3% of your taxable income (to a maximum of $2,635) are claimable as a tax credit.
Keep receipts! This is one area frequently reviewed by CRA.
What counts as qualified medical expenses:
- Health insurance premiums if you pay for them yourself (not if they are employer paid)
- Co pays – where insurance covers only a portion of the expense
- Medical doctors
- Dentists
- Optometrists
- Ophthalmologists
- Opticians – prescription eyeglasses
- Orthotic inserts
- Psychologists
- Registered Massage Therapists
- Registered Psychotherapists
- Podiatrists
- Registered Nurses
- Attendant care – if the patient has been approved for the disability tax credit and requires assistance in the functions of daily living whether at home or in a care facility.
- Fertility and infertility related procedures (see the link below for details)
Important to note what is NOT claimable as a medical expense:
- Over the counter, non-prescription medication
- Vitamins and other supplements, even if prescribed by a naturopathic doctor.
- Blood pressure cuff
- Organic food
These are just some of the allowable/non-allowable expenses. See the link below for a more exhaustive list that includes exactly what documents you need to be able to make the claim.
