4 Tax Tips for Naturopathic Medical Expenses

1. Naturopathic Tax Deductibility

Naturopathic medicine is tax deductible.

Both federally and provincially.

No special forms required.

Just save those receipts!

Can it really be as simple as deducting your total naturopathic medical expenses for the year?

Yes!

But also no.

In that it depends on your definition of "year".

2. Optimizing Naturopathic Tax Benefits via Medical Expenses Period

And you thought a year was January 1 - December 31!

Ha!

The CRA is not bound by such Gregorian conventions.

In fact, you are free to claim all eligible naturopathic medical expenses for any 12-month period ending in this tax year that you didn't already claim in the last one.

So you aren't penalized for having medical expenses disproportionately distributed throughout the year.

You can instead receive the best naturopathic treatment for you - whenever you need it.

Come tax-time, the 12-month period can be selected to best optimize your medical expenses.

3. Naturopathic Tax Benefits for Families

You can receive naturopathic tax benefits - even if you've never seen a naturopathic doctor in your life!

How is that possible?

By claiming the medical expenses of your spouse and your dependants - children, parents, and extended family members alike - on your return.

Careful, though.

The tax credit is progressive, decreasing slightly as net income increases.

So it's often optimal for the family member with the lowest net income to claim for all members.

4. Naturopathic Tax Benefits for Self-Employed & Businesses

Naturopathic medical expenses are even more valuable for the self-employed and businesses.

Self-employed individuals, partnerships, and corporations alike have means to deduct medical expenses as business expenses.

A Private Health Services Plan (PHSP) provides tax-free financing of medical expenses for sole proprietors, partnerships, corporations, and their employees.

Such naturopathic tax benefits are, in my experience, typically in the thousands to tens-of-thousands of dollars.

And they rise with income.

With no limit.

Providing an unparalleled level of naturopathic tax incentives.

 

Stay tuned for more tax tips for naturopathic medicine!

 

Naturopathic Medicine & Homeopathy Testimonials

Dr. Andy's homeopathic remedy really helped to eliminate the lichen planus I had been dealing with. My sex drive and ability to have sex without pain have also gotten much better with the homeopathy and naturopathic counselling.

T.L., Langley, BC

The tics and spastic outbursts were able to be gradually helped by the homeopathic medicine and bowen technique.

Until now, I barely have them at all.

The neuroemotional work also helped restore my mobility.

Margret D, Burnaby (Brentwood, North Burnaby), BC

I feel like my old self again! My energy is better that it's been in years, and I haven't got sick once since I started seeing you.

Charlotte R., Vancouver (Kerrisdale), BC

I had a constrictive sensation in throat – like someone was pushing on it with a nail – and stabbing pain where the jaw meets the ear.

The left side of my head went numb and I had a really really loud & tinny sound in my ear.

Then I started having bursts of vertigo. Andy's homeopathic and naturopathic treatments, and all the neuro-emotional work we did, made my throat pain,  much less, and after a couple of months, they went away totally.

A.P., Richmond, BC

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