Portfolio Confidential

Q: I am newly self-employed with no medical coverage. What types of expenses are tax deductible? I recently bought two pairs of expensive (prescription) glasses, and I regularly see a registered massage therapist. A: There is a medical tax credit available, and the items you mentioned would both be considered allowable medical expenses. The tax credit is income-tested, so the combined total of medical expenses will need to be $2,500, and then every dollar after that will result in a...