What’s New for 2022 Tax Returns:
Updated January 2023
Medical Expenses
Medical expenses that exceed 3% of your taxable income (to a maximum of $2,479) 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
- Co pays – where insurance covers only a portion of the expense.
- Medical doctors
- Dentists
- Optometrists
- Ophthalmologists
- Opticians – prescription eyeglasses
- Psychologists
- Registered Massage Therapists
- Registered Psychotherapists
- Podiatrists
- Registered Nurses
- Attendant care – If the patient qualifies for the disability tax credit and requires assistance in the functions of daily living whether at home or in a care facility
These are just some of the 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.