As I understand it for medical expenses and the tax credit I need to have expenses in excess of $1800 (3% of my net income).
a. Is this for just me or can I combine my comon law spouse's expenses and claim on 1 tax return (the lower income spouse)? In other words, is it $1800 for 2 people or $3600 for two people (assuming my spouse's net income is the same).
b. Also I am having difficulty understanding what qualifies as a medical expense. My spouse and I are on good benefit plans so most if not all drugs/dental/Dr. visits are covered by this private health benefit plan or by OHIP. I assume that these amounts can not be used to calculate towards the $1800 threshold? The only things that I can think of that we pay out of our pockets is the amount of massages/dental/eyeglasses that the Employer plan doesn't cover. This came to about $400 for the 12 month period.
c. Also we pay LTD and Dental premiums bi-weekly which (at least for me) average out to about $90 a month. Does this qualify?
d. If so - then assume $90 premium for me and $90 for my wife multiplied by 12 months plus approx. $400 in payments we made out of our pocket for massages/dental/eyeglasses etc. that wasn't covered by our benefit plan. This equals $2560. So would we meet the $1800 minimum to qualify for the tax credit?
e. Also - I took a job-related course (not at a university or college) recently and paid for the tuition. Am I eligible for any tax credit/deduction and where would I put this info on my tax return. The course cost about $500 and was not from a degree-granting institution.
Thanks for everyone's help!
a. Is this for just me or can I combine my comon law spouse's expenses and claim on 1 tax return (the lower income spouse)? In other words, is it $1800 for 2 people or $3600 for two people (assuming my spouse's net income is the same).
b. Also I am having difficulty understanding what qualifies as a medical expense. My spouse and I are on good benefit plans so most if not all drugs/dental/Dr. visits are covered by this private health benefit plan or by OHIP. I assume that these amounts can not be used to calculate towards the $1800 threshold? The only things that I can think of that we pay out of our pockets is the amount of massages/dental/eyeglasses that the Employer plan doesn't cover. This came to about $400 for the 12 month period.
c. Also we pay LTD and Dental premiums bi-weekly which (at least for me) average out to about $90 a month. Does this qualify?
d. If so - then assume $90 premium for me and $90 for my wife multiplied by 12 months plus approx. $400 in payments we made out of our pocket for massages/dental/eyeglasses etc. that wasn't covered by our benefit plan. This equals $2560. So would we meet the $1800 minimum to qualify for the tax credit?
e. Also - I took a job-related course (not at a university or college) recently and paid for the tuition. Am I eligible for any tax credit/deduction and where would I put this info on my tax return. The course cost about $500 and was not from a degree-granting institution.
Thanks for everyone's help!