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We can claim all our child's tuition as a medical expense, but come tax time, only a paltry 15% actually gets deducted. On paper we're classified as high income, so no government help, but frankly most of what we make is going to our child, so we need a break. Is 15% the best we can expect?
The Financial Post wrote a good article on this last year that addresses that question: http://business.financialpost.com/2014/03/29/when-private-school-is-a-valid-expense-for-tax-purposes/
The disability tax benefit in particular does depend on income... read more