Hopefully an easy one? I'm a Canadian resident commuting to the US on a TN visa. I have elected to participate in my US employer medical plan, my only option (as HSA where not eligible for non US residents) was a $5K/year PPO plan. My wife is self employed working from home, I've historically claimed medical expenses on her return.
Big windup to the question. Are premiums paid to a US medical plan eligible for tax credits in Canada?
US Medical Premiums
Moderator: Mark T Serbinski CA CPA
Of course.
Was that the cheapest plan you could opt into? Did you look into a blue-cross travel plan (like for snowbirds), since your Cdn residency still entitles you to Provincial covergae, your employer plan is quite expensive for the minimal extra coverage you get.
Was that the cheapest plan you could opt into? Did you look into a blue-cross travel plan (like for snowbirds), since your Cdn residency still entitles you to Provincial covergae, your employer plan is quite expensive for the minimal extra coverage you get.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing
BTW, how did your HSA plan determine you were non-resident? Unless you commute every single day to canada, you could have gotten HSA (which I agree would have been the best option for you, as you will not use any of it and it become another pension).
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing
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