Did you know you know if you are working for a company and have healthcare deductions taking from your pay cheque, you are able to claim the deductions on your income tax reducing your income and lowering your tax bracket. This is in addition to when you go to the pharmacy, or eye specialist or dentist and you pay the difference out of pocket. This is also a write off and can be claimed. Check out the CRA site or ask your accountant.
Note: if you haven’t done so, did you know you can go back 10 years?
For those who are asking, in the United States, people that are self employed (even if it is one of the spouses/partner in the relationship) you are able to claim Disability Insurance on your personal taxes if you pay out of pocket (Schedule A Form 1040) Canadians do not have this option, from what I am reading. I will keep you informed as I continue to dig in and find out if we do have this as well. In the CRA site it does state that we may be able to claim Disability Insurance that we pay into personally but not Health Insurance. More to follow.
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