Tax Season 2022: Are Your Dentures Tax Deductible?

Tax Deductible Dentures: What You Need To Know

The medical expense tax credit can reduce the amount of income tax you owe to the Canada Revenue Agency. To get this tax credit, you can claim your medical expenses that have been paid within a 12-month period, from the start to the end of one fiscal year. The medical expense tax credit does not cover expenses still owing or expenses paid in the previous year even if they are part of the same financing plan for your dentures. If you are claiming your dentures as a deduction on your income tax be sure to save your receipts and any other relevant documentation. While you will not need to send these documents in with your tax return, you may be asked by the Canada Revenue Agency to present them to support your claim.

What Dental Expenses Can Be Claimed?
Various types of dentures can be claimed on your taxes, including full dentures, partial dentures, and dental implants. Many dental procedures can also be claimed, such as fillings, cleanings, and braces. Any procedure deemed as cosmetic cannot be claimed, including whitening or veneers.

How Much Can I Claim?
There is no limit to the amount you can claim. You are entitled to the amount of deductions that exceed either $2,397 or 3% of your net income, whichever is lower. You can also claim a tax credit of 15% of the total expenses subtracting the earlier mentioned $2,397 or 3% and use it as a tax credit against any tax you owe if you, your partner, or your child have incurred medical expenses.

Who Can Claim Credit?
Medical taxable credit can be transferred between partners since you are considered the same household. Your partner’s children and your own children can also be claimed by either parent.

What Can I Do If I Have High Medical Costs?
If you or your partner have high medical expenses or if you are a low-income family, you may be eligible for the Refundable Medical Expense Supplement. To receive this supplement, you must be 18 years of age or older, have resided in Canada for a full fiscal year before applying, and have made a claim for medical expenses on line 33200 in your T1 form, or the disability supports deduction on line 21500.

Affordable Denture Solutions From Future Smiles Denture Clinic In Calgary

At Future Smiles Denture Clinic in Calgary, we believe everyone has the right to speak and eat with comfort. Investing in dentures can be a large financial commitment for some Canadians, which is why the staff at Future Smiles goes out of our way to help you manage denture expenses with affordable denture solutions, including direct billing and financing. Our staff will work closely with your insurance provider to get as much of your denture expenses covered as possible in an attempt to reduce or eliminate the amount you pay out of pocket. If you do not have insurance coverage or if your coverage does not cover dentures, we can find a payment plan that will work for you and ensure you have all documentation so that you can claim your expenses on your taxes. To schedule an appointment with Future Smiles Denture Clinic or to speak with us about financing options, either call 1-403-908-9885 or fill out the online contact form.

FAQ

Q: How much does it cost to get dentures in Alberta? 
A: The price varies depending on the number of teeth to be replaced as well as the extent of gum health. However, the Alberta Dental Association & College releases a yearly pricing guide for dental services. This pricing guide can provide a general overview of how much you can expect to pay - around $300 per tooth that is replaced.

Q: How long will my dentures last?
A: The life of your dentures will depend on several factors other than material. For example, a set of dentures may last 5 to 10 years, but it depends what type of tooth is used. To ensure a stable functional denture remains that way is to keep up with denture relines regularly to prolong your denture life.

Q: Are there any other benefits that can help cover the cost of dentures?
A: Eligible Albertans can get some, or all, of their denture services covered through a program called the Alberta Adult Health Benefit. You can apply for the program through the Government of Alberta website.