<title>
How much of a savings this will give you will depend on y...
</title>
<link>
https://turbotax.community.intuit.ca/community/credits-deductions/discussion/how-much-of-a-savings-this-will-give-you-will-depend-on-y/01/924718#M2848
</link>
<description>
<P>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.<BR /></P><P>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).</P><P>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.</P>
</description>
<description>...</description>
<pubDate>Wed, 30 Oct 2019 23:37:00 GMT</pubDate>
<guid>
https://turbotax.community.intuit.ca/community/credits-deductions/discussion/how-much-of-a-savings-this-will-give-you-will-depend-on-y/01/924718#M2848
</guid>
<dc:creator>Jocelyn-TurboTax</dc:creator>
<dc:date>2019-10-30T23:37:00Z</dc:date>