Medical expenses must exceed the threshold of 3% of your taxable income.
If the Medical Expenses are less than the following for the lowest income person, then you do not need to submit medical receipts, as it will not qualify.
Here’s a quick cheat sheet for your reference.
If you are still unclear, please call the office at 905-648-8656, and we will assist you!
Approximate Income | 3% Threshold |
---|---|
$20,000 | $600 |
$25,000 | $750 |
$30,000 | $900 |
$35,000 | $1,050 |
$40,000 | $1,200 |
$45,000 | $1,350 |
$50,000 | $1,500 |
$55,000 | $1,650 |
$60,000 | $1,800 |
$65,000 | $1,950 |
$70,000 | $2,100 |
$75,000 | $2,250 |
$80,000 | $2,400 |
$82,633 | $2,479 |
and above | $2,479 |