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Deductions · 8 min

Every deduction Canadian small businesses miss

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8 grants every Canadian founder should know about

Deductions · 7 min

The Small Business Deduction, fully explained

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Deductly is a discovery tool, not a tax filer. Information is provided for educational purposes. Always confirm program details and eligibility with a qualified Canadian accountant before applying or claiming any benefit.

DeductlyCA
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TAX CREDITAll of Canada

Medical Expense Tax Credit (Business Owner)

Last verified: June 2026

Federal non-refundable credit for business owners claiming medical expenses paid for themselves and dependants. For sole proprietors and shareholders of CCPCs, this covers premiums on private health plans, including dental and vision.

See if I qualifyOfficial page
Estimated value
15% federal + provincial portion of eligible medical expenses
Approval likelihood
High
Ready to apply score
90/100
Documents needed
4

Eligibility

  • Business types:incorporated, self-employed, partnership
  • Industries:All industries
  • Provinces:All of Canada

What you'll need

  • Medical expense receipts
  • Private health plan premiums
  • T1 personal tax return
  • Form T2201 (if disability-related)

How to apply

  1. 1Aggregate all eligible medical expenses for the year
  2. 2Subtract the 3% of net income or annual cap floor
  3. 3Claim on Line 33099 of your T1
Deadline:Annual: claim on your T1 return

Is your business a fit for Medical Expense Tax Credit (Business Owner)?

Take the 3-minute quiz to find out, and see every other Canadian program you qualify for at the same time.

Check my eligibility

Related programs

TAX CREDIT

GST/HST Input Tax Credits (ITCs)

5–15% back on all business expenses

TAX CREDIT

Apprenticeship Job Creation Tax Credit

Up to $2,000 per apprentice per year

TAX CREDIT

Mineral Exploration Tax Credit (METC)

15% of qualifying exploration expenses (to investor)

A monthly digest

New programs, in your inbox.

We are in beta. Drop your email and we will write when the first digest is ready. Monthly cadence, easy unsubscribe.

Deductly CA

Every Canadian grant, tax credit, and deduction your business qualifies for. In one ranked list.

Start the assessment
Product
  • Eligibility quiz
  • All programs
  • Watch (live changes)
  • The funding journey
  • When to apply
  • Stackability map
  • Document checklist
  • Calculators
  • Tracker
  • Learn
  • Pricing
Resources
  • For accountants
  • Public API
  • RSS feed
  • What's new
  • Roadmap
  • Press
  • vs ChatGPT
  • vs Benefits Finder
By province
  • Ontario
  • British Columbia
  • Alberta
  • Quebec
  • Manitoba
  • Saskatchewan
By industry
  • Technology & Software
  • Manufacturing
  • Retail & E-commerce
  • Food & Beverage
  • Professional Services
  • Creative & Media
For
Women entrepreneursNewcomersIndigenous businessYouth foundersBlack entrepreneursFirst-hire employers
Recent guides
Deductions · 8 min

Every deduction Canadian small businesses miss

Grants · 10 min

8 grants every Canadian founder should know about

Deductions · 7 min

The Small Business Deduction, fully explained

© 2026 DeductlyPrivacyTermsAboutFrançaisContact
All systems operational

Deductly is a discovery tool, not a tax filer. Information is provided for educational purposes. Always confirm program details and eligibility with a qualified Canadian accountant before applying or claiming any benefit.