What are out-of-pocket expenses?
The money that you or the person claiming you as a dependent pays towards your qualified tuition and related expenses minus any non-taxable grants, scholarships, or fee waivers that you receive. For example, Pell grants, Cal grants, SEOG, institutional waivers and scholarships may reduce the expenses you may claim for these tax credits. Student Loans are considered out-of-pocket funds because the borrower is required to pay them back. Taxable Grants are also considered out of pocket funds because the individual receiving these grants must pay taxes on them.
Money you have spent, out of your own pocket, for expenses you incurred because of the injuries or treatment. (Some examples of these expenses: clothing, eyeglasses, other items damaged in the course of the accident, memberships, fees or tuition paid for incomplete education or recreation programs, film and developing for pictures taken of damage to your vehicle or of the scene of the accident, etc.) Please have out-of-pocket expenses reimbursed by your primary insurer (Blue Cross, Sunlife, etc.) if you have such coverage available. Expenses not covered by your primary insurer should be taken up by you with the Section B insurer and any expenses still not covered should be given to us to take up with the Defendant insurance company (the Section A insurer).
A8: The money that you or the person claiming you as a dependent pays towards your qualified tuition and expenses minus any grants or scholarships that you receive. For example, Pell grants, Cal grants, SEOG, institutional waivers and scholarships may reduce expenses you may claim for the tax credit.
Related Questions
- Why are reimbursements for Out-of-Pocket Expenses relating to a minor sent to the Public Trustee, when it is the parent who has paid for the expenses?
- Does the purchase of 100% hospital cover guarantee that I will not have any out-of-pocket expenses for a private hospital visit?
- Can I still file a Claim for Out-of-Pocket Expenses purchased outside of Canada?
