Quote:
Originally Posted by ricardodw
Can't imagine that a hockey's players family would be waiting in line for Canadian health care rather than going to a Mayo Clinic. The health expense would likely be tax deductible and the player would end up getting it half paid for with his Canadian tax break.
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That is not what I was talking about at all. This is the provincial premium (MSP) that was not in place when I wrote that. I believe the premiums are coming back for Alberta residents, but it hasn't been implemented. The premiums for are US residents are much higher than they are in Canada.
Yes anyone in Canada can claim medical expenses on their tax returns, but only for those expenses in excess of the lesser of $2,208 or 3% of net income qualify. These are also non-refundable tax credits. They aren't getting half paid for with the tax break.