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Originally Posted by affinity4x so..... what type of rebate are we looking at? (cra) |
There is no simple answer to that as there is some calculation that depends on your net income less 3%. You subtract that from the medical expenses and come up with a figure. The maximum is $10,000.
Best to check with your accountant or tax prep person.
Just found my tax forms for this year:
My total medical expenses were $6845
You then subtract $1926 or 3% of your net income(whichever is less)
I ended up with a $5096 deduction.