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Medical Expenses You Can Claim on Your Canadian Taxes

Evaluating whether to claim medical expenses comes down to understanding their potential impact on your tax return. You can claim medical expenses for any 12 … See more

Actived: 9 days ago

URL: https://turbotax.intuit.ca/tips/what-qualifies-as-medical-expenses-when-filing-taxes-5261

How to Deduct Your Medical Expenses 2023 TurboTax® Canada …

WEBThis allows you to claim those medical expenses you couldn’t claim last year, as long as the last date ends in the tax year. For example; Linda paid $1,500 for her eye …

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The Canada Dental Benefit and Canadian Dental Care Plan Explained

WEBThe Canada Dental Benefit (CDB) is an interim financial measure available until June 30, 2024. It covers a range of eligible oral-health services for children under …

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Deducting Premiums Paid for a Private Health Insurance Plan

WEBReporting Payments on Your Tax Returns. To claim the payments of your health plan premium, include them with your other eligible medical expenses and claim …

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The Disability Supports Deduction 2023 TurboTax® Canada Tips

WEBThe person with the disability claims the Disability Supports Deduction on Line 21500 of their own Income Tax and Benefit Return. This deduction is commonly …

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Claiming Medical Expense Travel Credits

WEBIf you traveled at least 40 km (one way) to get medical services, you can claim the cost of public transportation (ex. bus, train, or taxi fare). If public transportation isn’t …

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Medical expenses included on T4 2023 TurboTax® Canada Tips

WEBIf you are claiming medical expenses for you and your spouse, make sure to add box 85 of her T4 as well. When you choose TurboTax, the software will …

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T4 Tax Form: Salaried Income in Canada

WEBIf you are a salaried employee, the T4 – Statement of Remuneration Paid tax slip is a summary of your employment earnings and deductions for the year. This slip is …

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Authorized Medical Practitioners in Ontario

WEBAuthorized Vision and Dental Health Care Practitioners. In the field of dental health care, Ontario residents may claim fees from dental hygienists, dental technicians, …

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Tax Deductions for the Self-Employed 2023 TurboTax® Canada …

WEBFor example, if your home office is 20 square meters and your home is 200 square meters, your office is 10% of your home, which means you are able to deduct …

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20 Popular Canadian Tax Deductions and Credits for Tax Year 2023

WEBCanada Workers Benefit (CWB) is a refundable tax credit available for low-income individuals in the workforce. You may qualify for additional payments like the …

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Canada Taxes 2023: Federal Tax Brackets, Rates and Credits

WEBThis is called the “marginal tax rate system” (or progressive), with your marginal tax rate being the rate applied to your highest level of income. For example, if …

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Newfoundland income tax calculator 2023-2024 TurboTax® …

WEBThe amount of tax your employer deducts from your paycheque varies based on where you fall inside the federal and Newfoundland and Labrador tax brackets. Federal income tax …

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Ontario income tax calculator 2023-2024 TurboTax® Canada

WEBThe amount of tax your employer deducts from your paycheque varies based on where you fall inside the federal and Ontario tax brackets. Federal income tax rates in 2023 range …

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BC income tax calculator 2023-2024 TurboTax® Canada

WEBThe amount of tax your employer deducts from your paycheque varies based on where you fall inside the federal and British Columbia tax brackets. Federal income tax rates in …

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A Guide to 2023 GST/HST Exemptions: What Goods and Services …

WEBSelf-employed and side-gig professionals in Canada may be required to collect and pay goods and services tax (GST) and harmonized sales tax (HST).

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How to Determine Your Residency Status for Tax-Filing Purposes

WEBManitoba: $35,000 x 10.8% = $3,780 (difference of $280) Provincial or territorial residency is also vital to determining what social and economic benefits you’ll …

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What is an Eligible Dividend in Canada

WEBFor eligible dividends, the gross-up rate is 38 percent, as of 2013. For instance, if you received a $100 eligible dividend, the grossed-up value of the dividend …

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Notifying Canada Revenue Agency (CRA) of a Change of Address

WEBHere are 4 ways you can notify the CRA you’re changing your address: Online: Visit your My Account portal on the CRA website. You may register for free if you …

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