A question about ontario/canada business tax write offs?

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medical expenses can not claimed business expense since personal in nature. there tax credit available taxpayers medical expenses. dental expenses can claimed under medical expenses tax credit, long have receipts support claim. value of tax credit in ontario 21.05% of expenses claimed. in calculating claim, have deduct 3% of net income expenses. may qualify refundable medical expense supplement, additional credit taxpayers medical expenses significant in relation income.

if person's income $32,000 year..and tried write off $5000 in dental care (they had no insurance) government accept or deny , why?


Business & Finance Taxes Canada Next



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