Are Compression Socks Tax Deductible in Canada? Exploring the Possibility
Compression socks have gained popularity in Canada due to their health benefits. Many individuals wonder if the cost of compression socks can be claimed as a tax deduction. In this article, we will explore the tax deductibility of compression socks in Canada and highlight how Odd Duck socks may be eligible. However, it is essential to consult with your insurance provider or tax professional for accurate and up-to-date information. Understanding Medical Expense Tax Deductions In Canada, medical expenses that exceed a certain threshold can be claimed as tax deductions. The Canada Revenue Agency (CRA) allows individuals to claim eligible medical expenses on their income tax returns. While the list of eligible expenses is extensive, it is crucial to determine whether...