- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Seniors and students
The Federal 2013 Budget eliminated this deduction for tax years beginning on or after March 21, 2013., This would mean starting with the 2014 tax year for almost all individuals. This change was made because with electronic records being the norm, it is more likely that the use of a safety deposit box is a personal use, rather than being related to earning investment income.
http://www.taxtips.ca/filing/safetydepositbox.htm
http://www.taxtips.ca/filing/safetydepositbox.htm
‎October 29, 2019
6:01 PM