Health Costs
August 8th, 2010 by Questions
What are considered health costs?
Posted from: Alberta
One Response to “Health Costs”
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.
August 09, 2010 at 8:09 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
While I am not entirely sure what you men by “health costs,” I can only assume it is in relation to non-discretionary expenses. (i.e. expenses that can be deducted out of your income prior to the surplus income calculation that determines the cost of a bankruptcy).
If this is what you are referring to we ultimately follow the allowable medical expenses that are permissible under the Income Tax Act. So if it is a tax deductible medical expense you can deduct it from your income but to do so you must provide a copy of the receipt to your trustee to verify it is valid.