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For individuals with mobility challenges, a lift chair can be a life-changing investment. These chairs offer a safe and effortless way to transition from sitting to standing, reducing strain and increasing independence. However, with prices ranging from $800 to over $3,000, many Canadians wonder whether the cost of a lift chair is tax deductible.
The Canada Revenue Agency (CRA) recognizes certain medical expenses as eligible for tax relief, and under the right conditions, a lift chair may qualify. To benefit from a tax exemption or refund, you must meet specific eligibility criteria outlined by the government.
This article will explain the conditions under which lift chairs are tax deductible in Canada, the process for claiming a tax break, and key financial considerations when purchasing one.
In This Article…
Yes, lift recliner chairs are tax-deductible. With this being said, there are specific criteria outlined by the Canadian government and the Canadian Revenue Agency (CRA) in order to qualify for a tax deduction.
For a lift chair to qualify as a medical expense deduction, it must meet three key requirements:
At the time of purchase, customers who provide a valid medical prescription may be exempt from paying GST/HST on their lift chair.
If a prescription is not available at the time of purchase, some retailers, including La-Z-Boy Ottawa, Gatineau & Kingston, allow customers to return within four months with the necessary documentation to receive a sales tax refund.
The cost of a lift chair may also be claimed as a medical expense on an individual’s income tax return. If eligible, this deduction reduces the amount of taxable income, potentially leading to a refund or a lower overall tax bill. The exact refund amount varies depending on the individual’s income level and province of residence.
To claim this deduction, individuals must keep all receipts and the original prescription as proof of eligibility when filing their tax return. Consulting with a tax professional or reviewing the CRA’s list of eligible medical expenses can help ensure the claim is processed correctly.
The price of lift chairs varies based on brand, size, materials, and features. In Canada, lift chairs typically range from $800 to over $3,000, with La-Z-Boy models priced between $1,800 and $3,000 or more.
Custom options like power headrests, heat and massage functions, and high-performance upholstery can increase the overall cost. To learn more about the Cost of a Lift Recliner, take a look at this article.
For those looking to manage their budget, La-Z-Boy Ottawa, Gatineau & Kingston offers Flexiti Financing, allowing customers to spread payments over time with flexible monthly plans. Qualified buyers may even be eligible for interest-free financing. For details, visit a La-Z-Boy showroom to explore options and ensure the best fit for your needs.
If you or a loved one is considering purchasing a lift chair, understanding the tax benefits and financial options available can help make the decision easier. Since lift chairs are recognized as medical mobility devices, they may qualify for tax deductions or sales tax exemptions, potentially reducing the overall cost.
So what is holding you back from effortless comfort and relaxation? Start shopping for a lift recliner chair today.
When beginning the hunt for the perfect chair, it can be helpful to see what other La-Z-Boy clients have purchased and enjoyed. Check out the Top 5 Best Selling Lift Chairs at La-Z-Boy.
When you are ready, we welcome you to visit a local Ottawa, Gatineau or Kingston showroom to benefit from the expertise of our consultants and take the sit test.
If you’re interested in learning more about our lift chairs, take a look at our comprehensive Lift Chair Buyer’s Guide.