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Medical bills that you have paid out of pocket for is tax deductible after a certain amount has been spent. It might also depend on your job. Talk to a tax expert.
You claim it as a medical expense. Subtract 3% of your net income, or $1,884 (2006 figure, it may go up) whichever is less from your total medical expenses and that result becomes a non-refundable credit. There is a further calculation which might give you a refundable amount, maximum 25% of the non-refundable credit. It depends on your income. 5% of your net income over $22,627.00 (2006 figure, it may go up) gets subtracted from the 25% of the non-refundable medical credit. That is for federal. For Ontario, calculate the non-refundable credit the same way.
If insurance paid for any of this, you have to subtract the amount you were repaid. But, the insurance premiums count as a medical expense too.
Laser eye surgery is not always tax deductible. People claim it anyways.
I get the feeling you make around 35,000 to 60,000 a year. Hypothetical guess.
You can try and see if CRA will allow it. I’m sure they wont have any discomfort giving you the credit. But if they disallow it, you will have to pay the credit back to them. Come the 2007 tax year you will see what your personal income tax return come out looking like.
After inputting your income, a algorithmic calculation is done, just as what the person before said. Also it depends which tax bracket you fall into, and a few other different criteria as well. But if you make from I put, you will see a bit more of a return.