Yukon Medical Expenses Credit

changelog_entry.yaml

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+- bump: minor
+ changes:
+ added:
+ - Yukon medical expense credit.

policyengine_canada/parameters/gov/provinces/yt/tax/income/credits/medical_expense/max_amount.yaml

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+description: Yukon allows for the following maximum amount under the medical expense credit. 
+values:
+ 2022-01-01: 2_479
+metadata:
+ unit: currency-CAD
+ label: Yukon medical expense credit max amount
+ # Credit is not mentioned in the in Yukon Income Tax Act
+ reference:
+ - title: Yukon Tax-Medical Expenses
+ href: https://www.canada.ca/content/dam/cra-arc/formspubs/pbg/5011-c/5011-c-22e.pdf#page=2 
+

policyengine_canada/parameters/gov/provinces/yt/tax/income/credits/medical_expense/rate.yaml

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+description: Yukon multiplies the medical expenses by the following rate under the medical expenses tax credit. 
+values:
+ 2022-01-01: 0.03
+metadata:
+ unit: /1
+ label: Yukon Medical Expenses credit applicable rate
+ # Credit is not mentioned in the in Yukon Income Tax Act
+ reference:
+ - title: Yukon Tax-Medical Expenses
+ href: https://www.canada.ca/content/dam/cra-arc/formspubs/pbg/5011-c/5011-c-22e.pdf#page=2

policyengine_canada/tests/gov/provinces/yt/tax/income/credits/yt_medical_expenses.yaml

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+- name: Zero Medical Expenses of Net Income over Maximum Amount
+ period: 2022
+ input:
+ province_code: YT
+ household_medical_expenses: 0
+ household_net_income: 10_000_000_000
+ output:
+ yt_medical_expense_credit: 0
+
+- name: Zero Medical Expenses of Net Income below Maximum Amount
+ period: 2022
+ input:
+ province_code: YT
+ household_medical_expenses: 0
+ household_net_income: 100
+ output:
+ yt_medical_expense_credit: 0
+
+- name: Medical Expenses of Net Income below Maximum Amount
+ period: 2022
+ input:
+ province_code: YT
+ household_medical_expenses: 10_000
+ household_net_income: 100
+ output:
+ yt_medical_expense_credit: 9_997
+
+- name: Medical Expenses of Net Income over Maximum Amount
+ period: 2022
+ input:
+ province_code: YT
+ household_medical_expenses: 4_000
+ household_net_income: 10_000_000_000
+ output:
+ yt_medical_expense_credit: 1_521

policyengine_canada/variables/gov/provinces/yt/tax/income/credits/yt_medical_expenses.py

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+from policyengine_canada.model_api import *
+
+
+class yt_medical_expense_credit(Variable):
+ value_type = float
+ entity = Household
+ label = "Yukon Medical Expense Credit"
+ definition_period = YEAR
+ defined_for = ProvinceCode.YT
+
+ def formula(household, period, parameters):
+ p = parameters(
+ period
+ ).gov.provinces.yt.tax.income.credits.medical_expense
+
+ claimed_medical_expenses = household(
+ "household_medical_expenses", period
+ )
+ net_income = household("household_net_income", period)
+ medical_expenses_rate = p.rate
+
+ applicable_amount = min_(
+ p.max_amount, net_income * medical_expenses_rate
+ )
+
+ return max_(claimed_medical_expenses - applicable_amount, 0)

policyengine_canada/variables/household/expenses/medical/household_medical_expenses.py

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+from policyengine_canada.model_api import *
+
+
+class household_medical_expenses(Variable):
+ value_type = float
+ entity = Household
+ label = "Household medical expenses"
+ unit = CAD
+ definition_period = YEAR