All Articles

SmallBiz Employee Benefits – Employee 2019 Tax Returns

By January 30, 2020 No Comments

Dear Employee,

It’s that time of year again! Taxtime!

You will be receiving your T-4 in the coming weeks before the end of February. I thought that I would pass along a little reminder…

Don’t forget that you can claim eligible Medical and Dental expenses on your tax return:

Line 33099 – Medical Expenses for self, spouse, or common-law partner, and your dependant children who were under 18 years of age at the end of the tax year.

Line 33199 – Use line 33199 to claim medical expenses that you or your spouse or common-law partner paid for any of the following persons who were dependant on you for support:

  • your or your spouse’s common-law partner’s children who were older than 18 years of age or older at the end of the tax year, or grandchildren.
  • your or your spouse’s or common-law partner’s parents, grand-parents, brothers, sisters, aunts, uncles, nieces, or nephews who were residents of Canada at any time in the year

The list of Eligible Medical Expenses can be found at Canada Revenue AgencyOr, just Google “CRA eligible medical expenses 2019”.

Something that is often overlooked as an eligible Medical expense is your share of the Health and Dental premium that we have asked you to pay through payroll deductions.

Another helpful website can be found at: CRA Newsroom

For more information, we highly recommend that you connect with your Tax Professional.

Hope this helps.

Best Regards,

Your Employer

Located in Cambridge, ON, Sharkey Group Insurance provides Independent Employee Benefits advice & counsel for Small Business across Ontario.