Hi, I trying to get my head around a few things:
1- I have been looking at the t1198 form but I want to make sure I’m understanding this correctly. It seems I have to claim all my retro lump-sum pay in the year I get it, but because it is for 2+ years of wage-loss I can request that they tax me as if it was split over the previous years. This will keep me in a lower tax bracket, is that right? Is there something else I need to be doing?
2- CRA has denied us nearly $2000 in “behind the counter” pharmacy receipts. Now these receipts are not for doctor prescribed drugs but they are for compounded substances that are not allowed to be legally sold over the counter. We must have a consult with the pharmacist, he makes it and we are provided with a properly signed pharmacy receipt. The CRA continues to insist that these receipts are for “over the counter” supplements but that is not at all true. Our pharmacist has told us a case was won a few years back but hiring a lawyer is a lot more expensive than paying back the taxes. Does anyone know where a private citizen can access precedents? If a case was won there should be a public record somewhere, right? I just need something I can send CRA to help them understand these are not over the counter supplements.
If anyone out there has any experience in this area and can point me in the right direction it would be greatly appreciated.