When claiming medical expenses as listed in box 85 of a T4, how can you determine the date of the expense(s)? It would be helpful to know the date of the box 85 medical expense to determine the 12-month period for your claim and as well, in case you decide to only claim a portion of the box 85 medical expense.
Do most people claim the full amount from box 85? i.e. is it not necessary to only claim a portion of box 85?
You will be claiming one year at a time. This year pertains to 2014, which must also be the year in which your medical claim term ends.
CRA allows you a sliding window of one year for Medicals to recognize that expenses do not coincide with the calendar year. The other thing to remember is not to claim the same expense twice.
Thank you Tony for your helpful answer. I think what I will do this year (for the 2014 tax year) is not claim any of it (box 85) because I don't need the deduction this year because my tax credits were higher than my tax payable this year. My box 85 is about $1500 and my wife can't use it either because it is under her 3% minimum. So I will save it for next year (the 2015 tax year). But then if I have another $1500 amount of medical expenses in box 85 next year then I am not sure what I will do. Can I claim both of them (total of $3000)? The only way I think I might be able to justify this is if I consider my "medical expense" calendar year for 2015 as starting on Dec 31, 2014 and ending Dec 31, 2015 and then I might be able to claim my $1500 box 85 from this year (2014) in addition to my $1500 box 85 I will have next year (2015). I hope that will be OK. Does anyone see any problems with this? Thank you.
I tried to for this year (2014) but I received this TurboTax warning:
"Your non-refundable credits exceed your tax payable. You can carry all or a portion of your medical expenses forward to next year. To do this remove the amounts and save your receipts for use next year. For amounts from T4 Box 85 or T4A Box 135 delete amounts from slip and add as receipt next year."
Should I ignore the warning and claim by box 85 this year regardless, knowing I will loose it and it will not be of any benefit?