Medical Insurance Premiums

January 26th, 2010

Don’t forget that you can claim your medical insurance premiums as a medical expense.  If you pay into a medical plan at work, be sure to get the total amount that you paid in during the year.  Contrary to popular opinion, this amount if NOT always on your T4 slip.  It might be, depending on your employer, but it is not a government requirement to have it on there.  If it isn’t, simply save your last pay stub from the year, and keep it with your tax papers.

Remember too, that it is only the medical and dental insurance premiums that you can claim.  You can’t claim the life insurance premiums.  Sometimes you might pay into a plan that is comprehensive of medical, dental, life etc.  If this happens you have to ask your employer for a breakdown of what is just for medical and dental.

Filed under: Personal Tax by David Boese No Comments »

Medical travel rates 2009

January 20th, 2010

If you need to travel more than 40 kms one way to obtain medical services, and those services are not available closer to your home, you are allowed to claim your travel costs as a medical expense.  The Canada Revenue Agency allows you to claim a simplified, cents per kilometre travel rate.  Each year they announce the mileage rates for the different provinces.

If you need to travel more than 80 kms, you can also claim a meal at a flat rate of $17.00/meal, no receipts needed.

For 2009, the mileage rates can be found at:

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Scotia Info Alerts

January 18th, 2010

Once in a while I can’t help but stray from the usual tax topics.   After all, even accountants get tired of taxes, believe it or not.

I’ve been using the Scotia Info Alerts since it came out back in December, and I think it’s a great idea.  You can register online using online banking, or you can register over the phone if you want.  At specified intervals, ScotiaBank will send you an update for your account balance, the last 5 transactions on your account, etc.  You can choose from a large variety of different options.  You can have them sent to your email, or as a text message to your cell phone.

It’s a great way to keep on top of things, especially if you are on the go a lot.  There is a fee for this service, but you can try it out for free until May 2010.

I haven’t checked but I’m sure there are other banks that offer this same service.  I am using ScotiaBank as an example since that’s the bank I’m most familiar with.

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Student Funding – Summer Jobs

January 15th, 2010

Minister Finley, Human Resources and Skills Development Canada, announced the launch of Canada Summer Jobs 2010.  This program supports work experiences for students, by providing grants to local businesses.

Employers who are interested can apply online at

Applications start February 1, 2010 and end February 26, 2010.  Not a lot of time, so you better get on the bandwagon.

Filed under: Business tax, Other tips by David Boese No Comments »