CONTENT: PDF
Prepared by The Institute of Health Risk Managers, an independent training provider specialising in the healthcare industry.
Course Description:
This programme will provide an understanding of the tax benefits with regards to medical expenses, as per the Income Tax Act. The lesson includes:
- How to calculate to Medical Tax Fees Credit (MTC)
- How to calculate the additional Medical Tax Credit (AMTC)
- What is a disability and physical impairment expense?
Learning outcomes
• Who is a tax payer and what tax is payable?
•Taxable income
• Calculation of taxable income
• Rationale for tax relief on medical expenses
• Differences between a deduction and the rebate
• Calculation of the medical tax credit
• Calculation of the additional medical tax credit
• Qualifying contributions
• Qualifying medical expenses
• Tax implications for employers
• Importance of tax compliance
CPD Points
- Total CPD points on successful completion: 1.5
- 60% pass rate with 3 attempts
- Approval number: FPI20030046
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