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Tradesman tool allowance

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Posted by: from Barrie
3/7/2012 at 4:29:29 PM

How much am I allowed to claim this year on my taxes ?
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REPLIES (2)
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Julian from Evans Custom Carpentry in Cochrane
Date/Time3/7/2012 at 6:05:09 PM

Hi Kim,

I am pretty sure your a sole proprietor it's $500 per year.

Regards

Julian

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Dave from 360renos in Ottawa
Date/Time3/7/2012 at 10:04:25 PM

Hi Kim,

The CRA link explains eligibility requirements for the tool deduction

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns206-236/229/trds/menu-eng.html

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