Tax Tips
Tax Credits
Commonly overlooked medical expense deductions. Overlooked medical
expenses include mileage for medical services not available in your area. The
services must be over 40 kms away from where you live. Medical km rate for B.C.
residents in 2015 is $0.485/km and meal rate is $17/meal. To be able to deduct
meal expenses you must travel a minimum of 80kms one way. Updated rates can
be found at: https://www.canada.ca/en/revenue-agency/services/forms-
publications/publications/rc4065/medical-expenses-2016.html
Disability Tax Credit. Must
have a signed T2201 to support
this claim.
Example of disability – Diabetic
and requires daily insulin shots
and monitoring. The T2201
can be found here:
https://www.canada.ca/en/
revenue-agency/services/forms
-publications/forms/t2201.html
The Caregiver’s Tax Credit.
This is available if you maintain
a home where you live with a
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dependent 18 years of age or
older who has an impairment in physical or mental functions.
Public Transit Tax Credit . For family members who regularly takes the bus,
train, subway or ferry to work – generally monthly pass users or single rider users
who use transit a certain number of days a month. Keep your monthly passes and
receipts as proof.
Adoption Expenses. If you adopt a child under 18, you can claim a 15%
non-refundable credit that relates to eligible expenses including licensed adoption
agencies, legal expenses, etc. Subject to the maximum amount ($15,670 for each
child, as of January 2018).
Information on these and other tax credits can be found at:
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-
your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/
deductions-credits-expenses.html
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