Social Work included in Medical Expense Tax Credit
Social Work included in Medical Expense Tax Credit
CASW
is exceptionally pleased that Canadians who access clinical services
provided by social workers now have the ability to claim these services
on their income tax through the Medical Expense Tax Credit (METC).
This is a huge step forward for the profession. It means that as of September 26, 2012, Registered
Social Workers (RSW) will be authorized as ‘medical practitioners’
under the Income Tax Act for the purpose of claiming medical expenses on
income tax returns.
Consequently, all Private Practitioners should be including the Registration Number assigned to you by your respective provincial social work regulatory bodies on all receipts given to clients.
Under
the METC, the federal government gives a non- refundable credit of 15
per cent on allowable medical expenses that exceed 3 per cent of the
taxpayer's net income or $2,109 in 2012, whichever is less. The
provinces also offer credits.
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