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Claim Your Cannabis As a Medical Expense

Claiming Cannabis As A Medical Expense

Don’t forget to claim your medical cannabis as a medical expense when you do your 2016 taxes (due on or before April 30, 2017). Here’s how to do it:

Step 1: Get Your 2016 Receipts

Most Licensed Producers (LPs) have a section on their websites where you can view your past orders and print your receipts. If you can’t find it, please contact your LP directly as it is their legal obligation to provide you with your receipts.

Step 2: Fill Out Your Tax Forms

When you fill out your tax forms, make sure you include the total amount you spent on medical cannabis over the course of the year on your 2016 tax return.

A complete rundown on claiming medical expenses can be found at Canada Revenue Agency’s Website.

For more information, please email info@plantsnotpills.ca or call us directly at 1-844-470-6063

Why Licensing Will Matter When Legalization Happens

Tax Free Medical Cannabis

Anyone who lives in Ontario understands the burn of having harmonized sales tax (HST) added to nearly every retail purchase. Even when we don’t see the tax, it’s still there. Booze is a perfect example. On top of the LCBO’s significant mark up on imported wines, HST is also added into the price. The result is that what amounts to a $4 bottle of wine in Spain mysteriously turns into a $30 bottle once it hits Canadian shelves. We mention the LCBO because by many accounts (and if Premier Wynne has her way), this is the model the government will implement on recreational cannabis once it is legalized.

On the other hand, medical cannabis under a “Shopper’s Drug Mart” framework will likely be treated as all other medications which by law do not incur any federal taxes. Therefore, medical marijuana license holders may enjoy significant savings in this respect, though in many ways they already do considering they have access to strains for as little as $3,50/gram, compassionate pricing programs and are able to claim their medical marijuana as a tax deductible expense.

Recently, a high profile case has brought up another highly likely scenario: medical marijuana license holders may qualify for partial or even full insurance coverage of their medical marijuana. Imagine…millions of Canadians being able to treat their myriad of health conditions without paying a dime out-of-pocket for their safe, natural medicine…. Now wouldn’t that be something?

If you or a loved one would like to start accessing safe, effective medical cannabis then contact Plants Not Pills by clicking here or email info@plantsnotpills.ca. Use the promo code Health17 and enjoy a $25 discount off all fees associated with licensing.

Treating ADHD With Cannabis

ADHD for life

By Kirsten O’Brien, London, ON

ADHD was thought of as a childhood illness that was often chalked up to “hyper-activity”. As it was studied more, it was shown that ADHD can persist into adulthood and cause serious problems in both children and adults.

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