Accounting fees and the cost of income tax preparation software are only deductible in certain situations:
- You have self-employment income or rental income from a property
- You are an employee who receives Commission remuneration, and you have a completed T2200 Declaration of Conditions of Employment from your employer
For more details, please see our TurboTax article: Tax Tip: Deducting Income Tax Preparation Fees and Software Expenses
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