Judge slams Human Rights Commission’s dismissal of medical cannabis complaint against bank The sky could be the limit for Bahamas medical cannabis users who grow plants for personal use Chewing gum may become the next stop for medical cannabis delivery system Medical cannabis falls under “medical expenses,” a broad category that includes more than 100 eligible expenses such as cochlear implants, insulin pens, fertility-related procedures and laser eye surgery. Who can claim medical cannabis? What does it mean to “claim” medical cannabis? Right now, it’s pretty strict: You can only claim the amount paid for dried cannabis, cannabis oil, cannabis seeds or other products purchased from a licensed producer for medical purposes. If your insurance plan does cover the cost of medical cannabis and you’ve been reimbursed for it, you can’t claim that amount on your taxes.
Access and cost are two familiar pain points for medical cannabis clients. Even with a doctor’s authorization to use it, medical cannabis isn’t covered by many provincial drug benefit plans, disability benefits or private insurance, which can cost up to thousands of dollars per year. But come tax filing season, the Canada Revenue Agency (CRA) offers some reprieve: If you’re registered to buy medical cannabis from a licensed producer, you can claim the cost of your dried flower, oil, seeds or other products as a “medical expenses” credit on your annual income tax return.
What does it mean to “claim” medical cannabis?
If you earn...
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