Health Costs

August 8th, 2010 by Questions

What are considered health costs?

Posted from: Alberta


One Response to “Health Costs”

, 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.

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