Getting started

Accounting fees and the cost of tax prep software are only tax-deductible in a few situations:

• If you’re self-employed or earned rental income, accounting and tax prep software expenses are considered eligible business/rental deductions.
• Commission employees may claim accounting fees and the cost of tax prep software as employment expenses. As with other employment expenses, have your employer complete and sign a Form T2200, Declaration of Conditions of Employment.

If your tax return is re-assessed and you consult a professional accountant for advice, those fees may be deductible in certain cases.

For more information please refer to the following Canada Revenue Agency (CRA) article:

• Canada Revenue Agency’s Line 23200 – Legal Fees web page 

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