Quote:
Originally Posted by Dion
You can claim the MRI as a medical expense on your tax return.
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You can but you have to have spent a LOT of money on health in one year for it to make any difference. I can't remember the exact numbers but it is many thousands of dollars.
Edit: Quick Google
http://www.taxtips.ca/filing/medical...etaxcredit.htm
Quote:
Medical expenses for the taxpayer, the taxpayer's spouse or common-law partner, and dependent children under 18 are claimed on line 330 of the federal tax return. Only expenses in excess of the lesser of $2,052 (Federal, for 2011, $2,109 for 2012) or 3% of net income can be claimed. The lowest tax rate is applied to the medical expenses to determine the amount of the tax credit.
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So if you made 60K you could only claim expenses in excess of $1800 and even then it would be a non refundable credit. Say you spent $2000, you would get a tax credit of $200 which at the lowest tax rate would be $30?