Is Invisalign Tax Deductible in Canada? Contrary to popular belief, Invisalign is a tax deductible expense!
Here’s everything you need to know about if Invisalign is tax deductible in Canada.
Do Orthodontics Count As Eligible Medical Expenses?
Before we get to the main question of Is Invisalign tax deductible in Canada, it’ll help to give some background. Invisalign treatment is considered under the broad category of orthodontics.
Orthodontic treatment is considered to be a medical expense in most cases.
Let’s start with when orthodontics do not count as medical expenses. The only reason orthodontics would not be considered as a medical expense is when your treatment or procedure is cosmetic-only.
Whenever there is some kind of functional improvement to your smile – correcting a severe bit problem, a malocclusion, or many others – orthodontics would be considered under ‘dental services’ from a tax perspective. The Canadian Revenue Agency considers dental treatment as an eligible medical expense.
Spoiler alert: Invisalign treatment qualifies as an eligible medical expense for tax deductions as a dental service.
Is Invisalign Tax Deductible in Canada?
Yes, Invisalign is tax deductible in Canada. Invisalign treatment qualifies as a ‘dental service’ and so is eligible as a medical expense to be used as a tax deduction. You can claim paid Invisalign treatment expenses and receive a tax credit on your income tax return.
The Canadian government offers a medical expense tax credit for residents of Vancouver. This means that you could get a tax deduction of up to $1,000 for your Invisalign treatment.
So if you’re considering Invisalign, not only will you get a beautiful, healthy smile – you could also get a little bit of money back come tax time.
At Dr. Peter Brawn, we can help. We work with you to make sure you always get the most insurance coverage and tax deductions available to you. Your initial consultation is completely free, too.
Get a free consultation today to receive a personalized treatment plan and see how affordable Invisalign might be for you. Plus at Dr. Peter Brawn, learn how you’ll see results 2x faster than average patients elsewhere.
What is the Medical Expense Tax Credit?
The Medical Expense Tax Credit (METC) is a tax credit that Canadian residents can claim on their income tax return. The METC allows you to deduct certain medical expenses from your taxable income.
In order to claim an expense on your income tax return, you must have paid for the expense yourself. You cannot claim an expense that was reimbursed by an insurance company or third-party payer.
What Dental Expenses Are Tax Deductible in Canada?
In addition to Invisalign treatment, there are a number of dental expenses that are tax deductible in Canada. These include:
- Invisalign treatment
- Dental implants
- Orthodontic treatment
If you have any questions about whether or not your particular dental expense is tax deductible, please consult with a qualified accountant or tax specialist. While your dentist or orthodontist can help, we always recommend you verify answers with an expert source.
Is Invisalign Tax Deductible in Canada: Conclusion
If you’re considering straightening your teeth, don’t let the cost of Invisalign hold you back.
Keep good track of your receipts and follow the guidelines set out by the Canada Revenue Agency, and receiving your Invisalign tax credit can be very simple.
At Dr. Peter Brawn, we’ll help you understand what to do and how to follow the guidelines to receive your Invisalign tax deductible benefits. If you have any questions or concerns, our team will support you along the way.
If you’re not a patient yet, we’d still be happy to answer any questions you may have. Get a free consultation with us today and we can help you get your best smile with the maximum amount of Invisalign tax deductions.