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Good place to get tax's done? / tool write off? - Click HERE for Original Thread

clapbak
Heya..
Just wondering if anyone knows a good place to get there tax's done? That dosent cost a small fortune...

I have roughly about 8 grand in tools this year id like to write off, i hope most people who do tax's know how to do that? - and while on the topic of tool tax write off, i was looking on the canada gov site, found a bunch of stuff on it.. BUt not really a forumla how much you get back.. Whats it based on?? A Percentage of the tool ammount? hermm who knows :dunno:

please post if u can shed some light!

cheers
-trev

chris f
Max you can clame is $500, if you spent over $1000. so you need to spend $1500 to get the full amount aloud. I looked really hard, i spent $26,000 last year.

TrevorK
Here's the link to CRA's website supporting what Chris said:
http://www.cra-arc.gc.ca/whatsnew/tools-e.html

After listening to people at work trying to convince others that their driver's license is deductable since your job description states you need it, always take tax advice with a grain of salt until you can do the research.

REDX2NV
I spent 35k last year and claimed it all, and got it all back..

chris f
What did you clame it under?

Eclipser
quote:
Originally posted by REDX2NV
I spent 35k last year and claimed it all, and got it all back..


Yes, because i spent ~1100 bucks, and only got 100ish back.

Eclipser
.

REDX2NV
quote:
Originally posted by chris f
What did you clame it under?


Didnt file them, basically scanned all the receipts, and gave them to my accountant.




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