Medical Grants for Cosmetic Surgeries

Getting a little nip and tuck is no longer just for the rich and famous. With Canadian medical grants that subsidize a number of cosmetic surgeries Canadians of all shapes, sizes, ages and income levels are readily going under the knife. But lax medical grant policies are being re-evaluated by the government, and new stricter cosmetic medical grants are in store. So what cosmetic surgeries are these medical grants still going to cover, and which ones will you be left to pay for all on your own?

Under the current policy for medical grants for cosmetic surgeries Canadians have been enjoying medical grant tax credits that allow consumers to write off 15% of covered cosmetic surgeries which up to the moment have included Botox injections, teeth-whitening, hair replacement and liposuction. Unfortunately too many Canadians have been using this grant and the Canadian government has quickly incurred over $40 million in costs directly related to this cosmetic tax grant. The above listed elective surgeries will no longer receive government medical grants to subsidize them and will need to be paid for on your own.

Not to worry, however. Canadians with legitimate needs for cosmetic surgery will still be eligible for this medical grant. Reconstructive surgery after injury, or to correct deformities, for instance, will still qualify for the tax credit, which continues to be 15% of eligible unreimbursed medical expenses in excess of $2,024 or 3% of a person’s net income, whichever is lower. Below are several examples of surgeries covered by the cosmetic surgery medical grant:

  • Breast Reconstruction to provide the patient with two balanced and symmetrical breasts, typically following a mastectomy.
  • Correct deformities that result from Carpal Tunnel Syndrome
  • Rebuild bones and soft tissue of legs and other body parts after devastating accidents and cancer surgery.
  • Repair facial defects such as cleft lips.

If you qualify for the cosmetic surgery tax break, this money will not actually come until you file your taxes. Generally, all eligible medical expenses can be claimed, even if they were incurred outside of Canada. When medical expenses are reimbursed by an insurance plan, only the portion not reimbursed can be claimed.