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Home 🌿 Medical Cannabis News 🌿 Canada: Cannabis prescriptions are eligible medical expense, CRA confirms 🌿Canada: Cannabis prescriptions are eligible medical expense, CRA confirms
The Canada Revenue Agency has confirmed that medical cannabis purchased under prescription is an allowable medical expense at tax time.
The CRA sent a letter to the Canadian Medical Cannabis Industry Association last month confirming cannabis from a licensed producer qualified as a medical expense.
The CRA was responding to a letter sent earlier this year by the CMCIA, the industry association for licensed producers of medical cannabis, asking for a ruling on the issue, according to association spokesman Cam Battley.
The CRA website includes medical marijuana and marijuana seeds on its list of eligible medical expenses.
A CRA spokeswoman said today the Income Tax Act has recognized amounts paid for medical marijuana as a medical expense for almost a decade.
"This is an important step, because it allows patients to write off a major component of their health-care costs," Battley told CBC News.
While the allowable medical expense is a complicated formula...
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