Medical expenses

Medical expenses

Many of us assume we don’t have enough medical expenses to get a tax credit (the total amount of receipts must exceed a set threshold or three per cent of net income, whichever is less), but they can add up quickly. Look for things that aren’t an eligible expense under your group plan and don’t forget to include any health-care premiums you’re paying at work. Keep in mind that you can claim expenses for any 12-month period ending in the tax year you’re filing (June 2016 to May 2017, for example), so pick the period that includes as many expenses as possible to maximize the credit.

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