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

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

Before coming to see you, if I ate anything but raw food, I'd feel like my abdomen was so bloated, painful and swollen.

I would get tired and fuzzy in the head from eating almost anything!

Another naturopath diagnosed me with leaky gut, but the supplements she prescribed didn't really help that much.

Your homeopathic remedy and Bowen therapy made a huge difference though.

And I was happy to not have to take so many vitamins!

The mental-emotional technique also made me aware of the past events that had probably contributed to my health problems.

I also appreciated that you could tell me what foods were good for my body, and which foods I was allergic to.

Although, as you told me would happen, it seems these allergies have become less with time, I can now eat almost anything without having any gas, pain, confusion or tiredness.

Bernadette, Vancouver (West Point Grey), BC

I had been living with prostate cancer for months, and the symptoms just got to the point that I had to do something.

The pills that my regular doctor gave me just made me dizzy and tired.

So I went looking for natural alternatives. 

After getting lukewarm results from the acupuncturist and chiropractor, I decided to then see Dr. Somody.

The homeopathic remedy and bowen therapy treatment he gave me made my urination more controlled and regular.

I went from having to get up four times a night to pee to being able to sleep through the night.

My eyes and hearing have also improved, and don't have to live with that annoying chronic cough now either.

R.L., Chilliwack, BC

My voice was always raspy, and it would hurt to talk too much.

And I'd be coughing up phlegm and mucus even when I was healthy, especially after getting up in the morning.

Then when it'd get damp, I wouldn't be able to even breathe very well.

Andy's homeopathy remedy and bowen therapy made a huge difference overnight., and things have just kept improving every time I've seen him.

Alex, West Vancouver (Bowen Island), BC

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