In troubled economic times, anything that stops you from being able to work can be incredibly inconvenient. Not being able to earn money could prove to be extremely damaging to your personal finances, and it may seem that there’s very little that can be done about such a situation. If you have to leave work because of long-term injury, there’s only so much finance you may have to rely on, especially if you leave your job permanently. When you have to leave, at best, you’ll receive statutory pay from your employer, which will only cover so much.
Browsing Tag
medical expenses
A lot of people don’t realize that they can claim many of their medical expenses incurred throughout the year. Any time you fill a prescription, be sure to keep the receipt tucked away for income tax purposes in order to benefit from the tax credit.
Are all medical expenses eligible?
No, not all medical expenses are eligible. Examples of ineligible expenses include gym fees, blood pressure monitors, and organic food. For a more complete list, check out this Canada Revenue Agency (CRA) link.