Monday, November 16, 2009

Can I claim my contacts lenses/eye doctor visits/orthodontics on my Canadian taxes? (ontario)?

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.

Can I claim my contacts lenses/eye doctor visits/orthodontics on my Canadian taxes? (ontario)?
Yeah if there is a spot for it on the form. In most cases it has to be a certain amount. And you can claim your doctors visits as well as dentist visits too.
Reply:Yes, you can claim all of those as medical expenses... I claimed my eye glasses, chiropractor, prescriptions. I totally forgot to claim my dentist and eye doctor visit.... =( I can't believe I did that...





Oh! and if you e-file, you can get your return really quickly. I did mine near the end of February and got my check 10 days later.


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