We’re just under a month out from the CRA’s new individual tax filing deadline of June 1st. While it’s never anyone’s favourite time of year, some good news is that CRA has confirmed that medical cannabis is an allowable expense. Individuals must have a prescription for medical cannabis from a qualified healthcare practitioner and have purchased from a Licensed Producer (LP).
For more information on the process and how to determine the amount you spent on medical cannabis, check out this informative blog post and video from Tilray. If you use another LP’s products, the process will likely be similar but you can always contact their customer service team for help.