After over twenty years working as a CPA, CGA in the community of Delta, what I treasure the most are the people I meet and work with and the relationships I continually build.
Proudly serving Delta for 20 years
Home»News»
Tax savings for tradespersons
Important facts
-
An eligible tool is a tool (including associated equipment such as a toolbox) that:
- you bought to use in your job as a tradesperson and was not used for any purpose before you bought it;
- your employer certified as being necessary for you to provide as a condition of, and for use in, your job as a tradesperson; and
- is not an electronic communication device (like a cell phone) or electronic data processing equipment (unless the device or equipment can be used only for the purpose of measuring, locating, or calculating).
For more details on how to calculate the deduction for tools, go to www.cra.gc.ca/trades.