The cost of cancer can be financially burdensome. There are many cancer-based financial support options that can offset the costs associated with cancer caregiving.
Getting to and from appointments and treatments is often difficult and expensive. The Canadian Cancer Society offers financial aid to help care recipients with transportation. They also offer financial support for other expenses including certain materials and treatments.
Based on the distance you have to travel to come to the hospital, certain costs can be deducted on your income tax. Some financial aid and expenses can be submitted to cancer-based foundations for reimbursement. Be sure to keep all receipts.
Certain tax credits may apply to your situation. You can claim the caregiver amount on your tax return if you lived with a dependent who was one of the following: your or your spouse’s/common-law partner’s child or grandchild, your or your spouse’s/common-law partner’s brother, sister, niece, nephew, aunt, uncle, parent or grandparent who resided in Canada. To find out if you can claim the caregiver amount, answer a few questions from Revenue Canada. Provincial tax credits may also apply. Speak to your financial advisor or accountant.