Paying for personal medical expenses that are not covered by OHIP or other private insurance can quickly add up. But if you didn’t already know, you may be able to claim services such as physiotherapy on your income tax. Though it may not help to reduce the immediate cost of your physical therapy services, the ability to claim medical services on your income tax can make paying out of pocket more affordable in the long term.
At Athletic Advantage, we want to help our patients understand what savings and tax benefits may be available to them when utilizing medical services. Our customers often ask, can you claim physiotherapy on your income tax in Canada? We are happy to report that, yes, you can claim physiotherapy services on your taxes. In this post, we outline what you should consider doing to be prepared for tax time.
If you are looking for a physiotherapist near me, be sure to contact the experts at Athletic Advantage. We look forward to helping reduce your pain and regain mobility. Book an assessment today and see why we are the physiotherapist Markham residents trust.
When it comes time to complete your taxes, it is important to know that, yes, you can claim physiotherapy on your taxes Canada. In order to do this, though, you’ll want to be sure you’ve held on to receipts and invoices for accuracy in the event that you are subject to an audit. Eligible medical expenses such as physiotherapy can be claimed on line 33099 or 33199 of your tax return.
Speaking with an accountant may be your best option for understanding how to claim medical expenses. You can also consider looking into software to help you complete your tax returns. Your medical care provider should not be a primary source for understanding what you can claim on your taxes.
When looking into knowing can I claim physiotherapy on my taxes in Canada, you may also wonder what other medical services are eligible for tax deductions. Though you should always speak with an accountant to be sure, medical services such as acupuncture, chiropractic and massage therapy are generally eligible for a tax deduction.
If you are looking to save money while obtaining medical treatments, you need to feel your best utilizing your employment benefits or private insurance benefits is a smart move. Many medical insurance providers offer coverage for manual physiotherapy and other paramedical services. Though not all providers offer direct billing, you can possibly be reimbursed by your insurance company. Be sure to looking into whether a referral is required for coverage before obtaining services as some providers may ask for this documentation.
If you are considering physiotherapy treatments but have reservations about the cost, know that a tax deduction may be available to you. Always consult with a tax professional before making decisions related to taxes as only a professional can give you accurate and up to date information regarding what is and is not eligible for a tax deduction.
Our team is composed of elite experts in the body and performance. They will assess and treat your conditions using our one of a kind RESET, RESOLVE, RELOAD System. Understand why you are in pain, what the underlying problems are, and how we will get you better.