Credits and Deductions
We have provided some links to the Canada Revenue Agency's website detailing credits and/or deductions which may be of benefit to you.
There is a wide range of expenses which can be deducted as a medical expense, some require a prescription, many do not. Double dipping is not permitted, for example, a prescription which was reimbursed 90% by an insurance company cannot be fully deducted, only the 10% which was not reimbursed can be.
If you have employment expenses, you maybe be able to claim them as an expense and reduce your taxes accordingly, this includes a tradesperson’s tools. In many cases the employer is required to complete and fill a form t2200. Some employment expenses, such as a tradesperson’s have a minimum amount which must be spent before deductions are permitted.
Please visit our Credits and Deductions Page to ensure you are minimizing your taxes owing while maximizing your refund.