Eligible Expenses
Eligible Expenses are medical expenses which would otherwise qualify as medical expenses within (currently) Section 118.2(2) of the Income Tax Act, and as interpreted by the Canada Revenue Agency (CRA) in Income Tax Bulletin IT-519R2 "Medical Expenses". These are the same medical expenses as allowed under the Medical Expense Tax Credit (METC) and can be obtained from the CRA website.
Read more about this topic: Health Spending Account
Famous quotes containing the words eligible and/or expenses:
“A man of great employments and excellent performance used to assure me that he did not think a man worth anything until he was sixty; although this smacks a little of the resolution of a certain “Young Men’s Republican Club,” that all men should be held eligible who are under seventy.”
—Ralph Waldo Emerson (1803–1882)
“Good government cannot be found on the bargain-counter. We have seen samples of bargain-counter government in the past when low tax rates were secured by increasing the bonded debt for current expenses or refusing to keep our institutions up to the standard in repairs, extensions, equipment, and accommodations. I refuse, and the Republican Party refuses, to endorse that method of sham and shoddy economy.”
—Calvin Coolidge (1872–1933)