Foreign medical expenses
My client received medical treatment outside Canada and got a receipt. There is a service date and payment date. Which date should I use to exchange the expense into CAD? Appreciated
My client received medical treatment outside Canada and got a receipt. There is a service date and payment date. Which date should I use to exchange the expense into CAD? Appreciated
It is my understanding that the relevant date is the date of payment. And we don't have to use the calendar year; it's any 12 months ending in 2022. So if there are unclaimed 2021 expenses that can be brought into the 12-month envelope, go for it. The only problem is remembering the following year what was done.
Jo
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.