In order for you to be eligible to claim your cannabis medicine as an expense, you must have all of the receipts and all purchases must be made from a licensed medical cannabis producer.

If you have any questions about claiming medical cannabis on your tax returns, it is best to consult with a licensed accountant or visit “Lines 33099 and 33199 – Eligible medical expenses you can claim on your tax return” page at the Canadian Revenue Agency website.

Lets have a look to CRA considerations with an example:

  • Total medical expenses (cannabis plus any other items including prescriptions and dental)
  • Less 3% of your net income (up to a maximum of $2,180)

If your income is $50,000 per year, and your medical cannabis expenses are $2,000.00 per year.

The 3% of your net income = 0.03 x $50,000 = $1,500

Then how much you spend – 3% of your net income = $2,000 – $1,500 = $500

Therefore, you would be eligible to claim $500 on your taxes.