Medical Expense Tax Credit in Canada: What Counts, Thresholds and How to Maximize It
Paying medical bills in Canada? Claim eligible costs above the 2026 threshold of $2,890 or 3% of net income. Book a free tax review with Bestax.
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41 articles on tax.
Paying medical bills in Canada? Claim eligible costs above the 2026 threshold of $2,890 or 3% of net income. Book a free tax review with Bestax.
A plain English guide to RRSP contribution limits, the RRSP deadline, contribution room and withdrawal rules, with official CRA figures for 2026.
Quebec sales tax is made up of two separate taxes: the 5% federal Goods and Services Tax (GST) and the 9.975% Quebec Sales Tax (QST). Together they add a combined 14.975% to the price of most taxable
Self-employed taxes in Canada are the income tax and Canada Pension Plan contributions you pay on the profit from your own business, reported on your personal tax return using Form T2125 . If you earn
Canada's departure tax in 2026 is not a flat exit fee, it is a capital gains tax triggered when you stop being a tax resident, calculated as if you sold most of your worldwide property on the day you
Manitoba Budget 2026 removes the 7% provincial retail sales tax from a much wider range of food and beverages sold at grocery stores, and this expanded exemption takes effect on July 1, 2026. It build
Rental income in Canada is taxed as ordinary income at your marginal federal and provincial tax rates after you subtract eligible expenses, so what you actually pay depends on your total income and th
Line 10100 on your Canadian tax return is where you report your total employment income for the year, your salary, wages, tips, commissions, bonuses, gratuities, and honoraria. For most people, it is
The Disability Tax Credit (DTC) is a non‑refundable federal tax credit for Canadians with severe and prolonged impairments in physical or mental functions. Its purpose is to reduce income tax payable,
If you're a GST/HST-registered business in Canada, you're likely paying sales tax on dozens of purchases every month, including software subscriptions, office rent, professional fees, vehicle expenses
Canada’s federal luxury tax (formally the Select Luxury Items Tax ) is administered by the Canada Revenue Agency (CRA). It came into force on 1 September 2022 and was initially applied to high‑priced
If you are a non‑resident who earns Canadian income or owns Canadian property, you may need a Canadian Individual Tax Number (ITN). To apply for an ITN, a non‑resident must confirm they are not eligib
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