For tax year 2014, you can no longer claim safety deposit box expenses.
Here's the source from the CRA. http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns206-236/221/menu-eng.html
You cannot claim on line 221 any of the following amounts:
For tax year 2014, you can no longer claim safety deposit box expenses.
Here's the source from the CRA. http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns206-236/221/menu-eng.html
You cannot claim on line 221 any of the following amounts:
TurboTax needs to correct their help info. When you search on 'safety deposit box" in HELP, the first reference is to Guide - Line 221, where it says:
quote
To enter safety deposit box, carrying charges, or interest expenses not included on a T-slip or receipt:
Enter directly on Part III of Schedule 4 Statement of investment income. (To open Schedule 4 from the T1 General form, place your cursor in line 221 and then double-click.)
end quote.
This information is incorrect. You can no longer claim safety deposit box. Intuit needs to correct this reference.