Get Emeriti Retirement Health Solutions Qualified Medical Expense (QME) Claim Form 2016-2024

If you pay or provide an amount to pay for an employee's medical expenses in a tax year, these amounts are considered to be a taxable benefit for the employee. Generally, there is no GST/HST and PST to include in the value of this benefit.

If you have a large amount of expenses in the latter part of the tax year, it might be better to save them and claim them with medical expenses you have in the early part of the following tax year. For example, if most of your medical expenses occurred after May 15, 2022, you can save them for your 2022 tax return.

You can claim medical expenses on line 33099 or 33199 of your tax return under Step 5 – Federal tax. Line 33099 – You can claim the total eligible medical expenses you or your spouse or common-law partner paid for any of the following persons: yourself. your spouse or common-law partner.

The employee has to pay for their medical expenses, obtain a bill from the service provider and submit it to their employer or insurance company for reimbursement. The employer will then reimburse the amount paid by the employee or directly pay the service provider.

This threshold amount for the federal part of your tax return (Schedule 1) is either 3% of your net income as reported on your tax return, or $2,479 in 2022 ($2,635 in 2023), whichever is lower. For example, if your net income on your tax return is $40,000, you can deduct expenses in excess of $1,200.