Refundable Medical Expense Supplement
Refundable Medical Expense Supplement
What is the Refundable Medical Expense Supplement (RMES)?
The RMES is a credit (maximum of $1119) provided for eligible individuals who are resident in Canada throughout the year and are 18 years of age or older by the end of the year and have claimed disability support deductions (Line 215). The purpose of the RMES is to provide Canadians with a disability an incentive to work.
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How is the Refundable Medical Expense Supplement credit calculated?
The credit is calculated as the lesser of: $1074 or the total 25/15 of the medical expense credit claimed and 25% of the amount deductible for disability support. This amount is then reduced by 5% of the amount that the individual’s income exceeds $24,783 in 2012.
Am I eligible for the Refundable Medical Expense Supplement?
There are certain stipulations which can prevent you from becoming eligible for this credit. If your net income (including spouses) is above $47,163 or if your net income is below $3268 then you will NOT be eligible to claim this credit.
Final Wrap-Up
The Refundable Medical Expense Supplement is a very useful credit particularly for working individuals are claiming medical expenses with regards to the amounts claimed for disability support. The RMES is designed to offset medical and disability related expenses when an individual moves from social assistance to work. For additional information about RMES, visit the CRA website.