Medical expenses
include premiums paid to private health plans as well as travel
medical insurance.
Prescriptions, glasses, contact lenses, dental, physiotherapy,
chiropractor and acupuncture can be
claimed. Payment for wheelchairs, crutches, hearing aids, dentures,
pacemakers, as well, as long as
there is a prescription for each item. Some Care Home costs can
be used so check with the facility.
Click here for more information.
Disability Supports Deduction
– If you incurred expenses in the year to work, go to school or
do
research and you have an impairment in physical or mental functions,
you may be eligible
for extra, non-transferable, deductions.
Click here for more information.
Foreign Income – ALL foreign
income must be reported, including pensions, investment income, employment
income,
social security etc.
Employment Expenses – These
can only be claimed (with receipts) if not reimbursed
by the employer. T2200 must be filled out and signed by your employer
each year.
Pension Income Splitting - Couples
will be able to reduce their combined tax payable by transferring
up
to 1/2 of their eligible pension, annuity and/or RRIF payments
to their spouse.
Home Accessibility Tax
Credit – Certain expenditures (up to $20,000.00)
may be eligible
for a tax credit for renovations or
alterations to your home to enhance mobility.
This is available to seniors over 65 or those taxpayers eligible
for the Disability
Tax Credit. Qualifying expenses include wheelchair ramps, walk in bath tubs and
showers, and grab bars.
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