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Who’s eligible: Employed Canadians who worked from home due to the pandemic (or because their employer asked them to work from home for other reasons) and who performed more than half of their usual work hours from home over a period of at least four consecutive weeks. (The government has pledged to increase the maximum deduction to $500, but it’s uncertain if this will apply for 2021.) You don’t need any receipts or other documentation for this claim. It is a simplified version of the Employment Expenses deduction from the Canada Revenue Agency (CRA) that allows you to reduce your taxable income by $2 for every day you worked at home due to the pandemic, up to a maximum deduction of $400. If you’re among the millions of Canadians who worked from home in 2021, you may be able to claim this now-simplified deduction for home-office expenses. Read more about the medical expenses tax credit. How to claim medical expenses: Enter the amount of the eligible medical expenses for yourself, your spouse and dependent children on line 33099 of your tax return (use line 33199 for other dependents).

For reference, a claim of $2,421 could save you up to $360. How much you could save: The credit can reduce your federal taxes by 15% of your claim amount. Who’s eligible: Any taxpayer who paid medical costs for themself, a spouse, and/or dependents is eligible, as long as they were not reimbursed for the amounts by insurance, an employer or any other source. Keep in mind you don’t have to use the calendar year for your accounting-you can use any 12-month period ending in 2021 (say, May 1, 2020, to May 31, 2021) if it gets you past the threshold-but you can’t include any expenses you already claimed on last year’s return. The catch is, you must have shelled out enough during the year to reach the minimum claim threshold-either 3% of net income or $2,4, whichever is less.

The Medical Expenses Tax Credit allows you to claim a whole slew of eligible costs, including prescriptions, private or semi-private hospital care, tests, dental care, health plans (premiums and/or co-pays), travel expenses (when your only option for treatment was at least 40 kilometres away), and many other medical services and devices. If you or an immediate family member had a whack of uninsured medical costs in 2021, and/or your income was lower than usual (perhaps due to COVID-19), it’s worth it to tally up those expenses to see if you have enough to claim this non-refundable tax credit. (Note that these are all federal claims in some cases there may be similar claims you can make on your provincial/territorial taxes.) Is there a medical expense tax credit? With that in mind, here are some of the deductions and credits that you should check to see if you are eligible to claim this year-along with their potential tax savings-to make sure you don’t end up leaving money on the table.