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Enhanced Health & Dental Benefits Inc.

E.H.B. vs. Tax Return

Comparison with the medical expense deduction available on your personal income tax return.

Consider the following example:

Annual net income: $55,000
Medical expenses: $ 1,800

Without EHB   Utilizing the EHB program
Medical expenses $1,800   $1,800 Medical Expenses
(Extended Health & Dental)
(3% of net income) $1,650   $ 180 Adjudication fee (10%)
$ 150   $1,980
     
Tax Credit1 $ 35 vs. $1,980 Tax Deduction.

1 Based on a combined Provincial and Federal rate of 23.22%

Since medical expenses are reduced by 3% of your net income, the medical expense tax credit deduction is of little use to many taxpayers.

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1
Medical Expense Tax Credit equals 16% of qualifying medical expenses in excess of the lesser of $1,755 or 3 per cent of net income.

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