Medical and Disability-Related Expenses

There are many deductions and tax credits available for medical expenses in general, and persons with disabilities in particular. If you care for an infirm family member, you may qualify for the Caregiver or Family Caregiver amount. Click here to answer a  few basic questions and find out if you may be able to claim the Caregiver Amount.

If you or your dependant has been diagnosed with mental or physical challenges, you or they may qualify for the Disability Tax Credit. Children with learning disabilities and/or limitations typically qualify for this credit, reducing the tax burden for their parents. if you are caring for a disabled parent who lives with you, they may quailify for the Disability Tax Credit, and you may qualify for the Caregvier Amount. If you think any of these examples may describe your situation, please let us know, and we will guide you through the application process. 

Many people miss out on claiming medical travel expenses. If you have to travel over 40km one way for medical care or a medical appointment, you may be able to claim travel expenses. For people in rural communities, this deduction can be significant each year. If you have not kept track, that's ok. Simply call your doctor's, dentist's, chiropractor's, etc. offices, and ask for a statement of all your appointments for the year. We are able to use this to calculate travel expenses, if applicable.

Usually people keep every receipt for prescriptions, and then try to gather them up at tax time, hoping they didn't miss any. While you should retain all original receipts, we advise clients to call their pharmacy and get a yearly statement for all prescriptions. This ensures that no prescription expenses are overlooked. 

These are only the most commonly overlooked medical and disability-related deductions. There, of course, are many other qualifying medical expenses.  Please contact us for more information.