To All Canadians re Travel Ins.

[FranknBeans]

JFI. We have 30 plus cruises under our belt the first in 2006 and didn't know till recent booking for Caribbean cruise this March that you can claim the medical portion of your travel insurance on your income tax. For folks that travel a couple cruises/trips a year this can add up.

[armwinder]

Thanks, we will look into that.

[ilovetotravel1977]

JFI. We have 30 plus cruises under our belt the first in 2006 and didn't know till recent booking for Caribbean cruise this March that you can claim the medical portion of your travel insurance on your income tax. For folks that travel a couple cruises/trips a year this can add up.

 

Thanks!

 

Which line would that go under?

[OzCanuck]

Medical Expenses. Quite a high threshold, though it may benefit some.

[edenrayne]

medical expenses. Quite a high threshold, though it may benefit some.

 

was told by my travel agent that it was not deductible.

[SuiteCruiser]

If you have group insurance through work that has travel insurance, you won't need to buy any. I had $4K worth of expenses at the medical centre on Escape and it was all covered. As well, most of our credit cards offer free travel insurance as long as you use your card for your charges.

[OzCanuck]

was told by my travel agent that it was not deductible.

Is your travel agent also a tax accountant?

 

This is well documented. Unfortunately unless you have other significant expenses, the premium is unlikely to be enough by itself to qualify.

 

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[mgfiest]

you need more than 3% of you income of medical expenses to see any benefit on your return. unless you are at the poverty $ line... not a big benefit.

[DirtyDawg]

Is your travel agent also a tax accountant?

 

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Mine is.:)

 

She's also my chef, gardener, interior decorator, and movie censor (No, we are not watching that Star Wars movie!):D

 

Always good to marry a multifaceted partner.