Author's details
Name: Mike Comeau
Date registered: 02/15/2011
Mike
Author's posts listings
LTC Policy premiums eligible for a tax credit or tax deductible?
Section 118.2 of the Income Tax Act (the Act) allows an individual to deduct certain medical expenses, including premiums for private health services plans (PHSPs), to the extent that the payment was not deductible by the individual as a business expense under an LTC plan to be eligible under 20.01(1) in computing the individual’s income … Continue reading »
