topic How does my income affect how much I can deduct for medical expenses? in Family and health https://turbotax.community.intuit.ca/community/family-health/help/how-does-my-income-affect-how-much-i-can-deduct-for-medical-expenses/01/873498#M22 <P>Your&nbsp;<STRONG>net</STRONG>&nbsp;income and not your total gross income, affects the amount of medical expenses&nbsp;you can claim as a credit.</P> <P>You can claim the total amount of eligible medical expenses minus $2,352* or 3% of your net income, whichever amount is smaller.</P> <P>For example:</P> <UL> <LI>Your net income is $25,000 for the year.</LI> <LI>Your medical expenses add up to $840.</LI> <LI>You can claim $840 minus $2,352 or 3% of your net income, whichever amount is smaller.</LI> <LI>3% of your net income ($25,000) is $750. This amount is smaller than $2,352 so this is the amount we’ll use for our calculations.</LI> <LI>So you can claim $840 - $750 = $90 as a credit.</LI> </UL> <P>If your total medical expenses are less than 3% of your net income, they can’t be applied as credits.</P> <P><STRONG>Note: </STRONG>Only expenses, or portions of expenses, that haven’t been reimbursed to you can be included as medical expenses for income tax purposes.</P> <P> <STRONG> <EM>*</EM> </STRONG> <EM>This amount is for the 2019 tax year.&nbsp;</EM></P> <H2>Related information</H2> <P> <A href="https://community.intuit.com/oicms/L3eIlNS9Y_CA_en_CA" target="_blank">How do I enter my medical expenses?</A></P> <P> <A href="https://community.intuit.com/oicms/L6C20oW5K_CA_en_CA" target="_blank">What medical expenses can I claim?</A></P> <P> <A href="https://community.intuit.com/oicms/L4ZpK3wd0_CA_en_CA" target="_blank">How do I choose a claim period for medical expenses?</A></P> <P> <A rel="nofollow" href="https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/lines-330-331-eligible-medical-expenses-you-claim-on-your-tax-return.html" target="_blank">Eligible medical expenses you can claim on your tax return (source: CRA)</A></P> Tue, 27 Jul 2021 11:06:14 GMT TurboTax Support 2021-07-27T11:06:14Z How does my income affect how much I can deduct for medical expenses? https://turbotax.community.intuit.ca/community/family-health/help/how-does-my-income-affect-how-much-i-can-deduct-for-medical-expenses/01/873498#M22 Your&nbsp;net&nbsp;income and not your total gross income, affects the amount of medical expenses&nbsp;you can claim as a credit. You can claim the total amount of eligible medical expenses minus $2,352* or 3% of your net income, whichever amount is smaller. For example: Your net income is $25,000 for the year. Your medical expenses add up to $840. You can claim $840 minus $2,352 or 3% of your net income, whichever amount is smaller. 3% of your net income ($25,000) is $750. This amount is smaller than $2,352 so this is the amount we’ll use for our calculations. So you can claim $840 - $750 = $90 as a credit. If your total medical expenses are less than 3% of your net income, they can’t be applied as credits. Note: Only expenses, or portions of expenses, that haven’t been reimbursed to you can be included as medical expenses for income tax purposes. *This amount is for the 2019 tax year.&nbsp; Related information How do I enter my medical expenses? What medical expenses can I claim? How do I choose a claim period for medical expenses? Eligible medical expenses you can claim on your tax return (source: CRA) Tue, 27 Jul 2021 11:06:14 GMT https://turbotax.community.intuit.ca/community/family-health/help/how-does-my-income-affect-how-much-i-can-deduct-for-medical-expenses/01/873498#M22 TurboTax Support 2021-07-27T11:06:14Z
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topic How does my income affect how much I can deduct for medical expenses? in Family and health
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https://turbotax.community.intuit.ca/community/family-health/help/how-does-my-income-affect-how-much-i-can-deduct-for-medical-expenses/01/873498#M22
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<P>Your&nbsp;<STRONG>net</STRONG>&nbsp;income and not your total gross income, affects the amount of medical expenses&nbsp;you can claim as a credit.</P> <P>You can claim the total amount of eligible medical expenses minus $2,352* or 3% of your net income, whichever amount is smaller.</P> <P>For example:</P> <UL> <LI>Your net income is $25,000 for the year.</LI> <LI>Your medical expenses add up to $840.</LI> <LI>You can claim $840 minus $2,352 or 3% of your net income, whichever amount is smaller.</LI> <LI>3% of your net income ($25,000) is $750. This amount is smaller than $2,352 so this is the amount we’ll use for our calculations.</LI> <LI>So you can claim $840 - $750 = $90 as a credit.</LI> </UL> <P>If your total medical expenses are less than 3% of your net income, they can’t be applied as credits.</P> <P><STRONG>Note: </STRONG>Only expenses, or portions of expenses, that haven’t been reimbursed to you can be included as medical expenses for income tax purposes.</P> <P> <STRONG> <EM>*</EM> </STRONG> <EM>This amount is for the 2019 tax year.&nbsp;</EM></P> <H2>Related information</H2> <P> <A href="https://community.intuit.com/oicms/L3eIlNS9Y_CA_en_CA" target="_blank">How do I enter my medical expenses?</A></P> <P> <A href="https://community.intuit.com/oicms/L6C20oW5K_CA_en_CA" target="_blank">What medical expenses can I claim?</A></P> <P> <A href="https://community.intuit.com/oicms/L4ZpK3wd0_CA_en_CA" target="_blank">How do I choose a claim period for medical expenses?</A></P> <P> <A rel="nofollow" href="https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/lines-330-331-eligible-medical-expenses-you-claim-on-your-tax-return.html" target="_blank">Eligible medical expenses you can claim on your tax return (source: CRA)</A></P>
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How does my income affect how much I can deduct for medical expenses?
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https://turbotax.community.intuit.ca/community/family-health/help/how-does-my-income-affect-how-much-i-can-deduct-for-medical-expenses/01/873498#M22
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Your&nbsp;net&nbsp;income and not your total gross income, affects the amount of medical expenses&nbsp;you can claim as a credit. You can claim the total amount of eligible medical expenses minus $2,352* or 3% of your net income, whichever amount is smaller. For example: Your net income is $25,000 for the year. Your medical expenses add up to $840. You can claim $840 minus $2,352 or 3% of your net income, whichever amount is smaller. 3% of your net income ($25,000) is $750. This amount is smaller than $2,352 so this is the amount we’ll use for our calculations. So you can claim $840 - $750 = $90 as a credit. If your total medical expenses are less than 3% of your net income, they can’t be applied as credits. Note: Only expenses, or portions of expenses, that haven’t been reimbursed to you can be included as medical expenses for income tax purposes. *This amount is for the 2019 tax year.&nbsp; Related information How do I enter my medical expenses? What medical expenses can I claim? How do I choose a claim period for medical expenses? Eligible medical expenses you can claim on your tax return (source: CRA)
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