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In 2020, to claim the Federal tax credit for medical expenses, an individuals eligible medical expenses had to exceed $2,397, or 3% of his/her net

In 2020, to claim the Federal tax credit for medical expenses, an individuals eligible medical expenses had to exceed $2,397, or 3% of his/her net income, whichever is less.

Chlo paid the following medical expenses in 2020. Her salary was $85,225, and she made TFSA contributions of $3,000. What was her medical tax credit?

Herself

$

Dental

1,000

Over-the-counter, unprescribed cold remedies

52

Premiums to her corporate medical plan

1,100

Prescribed thyroid medication

78

Husband

Prescribed compression socks

400

  1. $21.25
  2. $24.48
  3. $27.15
  4. $34.95

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