LG5
New Member

If my medical expenses are just a little over the minimum amount (3% of my income), is it worth the trouble to claim them?

How significant is the tax credit when medical expenses are claimed?
Thank you!

Credits and deductions

How much of a savings this will give you will depend on your income and provincial tax rates. You'll be able to claim only medical expenses above the lesser of $2,208 or 3% of your net income.

For example if you make $60,000 you'll be able to claim the amount over $1,800 you've paid. So if you've paid 3.5% ($2,100) of your total income in medical expenses you'll be able to claim a $300 deduction on your return, which may net out to approximately $100 (depending on your provincial tax rate).

Personally I would claim the deduction. The CRA doesn't need you to itemize your receipts so you can just tally all of your receipts and enter the totals into TurboTax.

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LG5
New Member

Credits and deductions

Thank you, Jocelyn! If I tally the receipts and enter the total, what do I enter in the"date" field since there were multiple dates on which the expenses were incurred?

Credits and deductions

I would choose the date of the last (most recent) medical receipt.