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Trades person tools
I have expenses for tools of my trade for 2019 which were used to earn income. The amount is too low for me to get my deduction. Can I save these receipts and add them to my expenses for trade tools next year?
March 25, 2020
3:55 PM
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Credits and deductions
Yes, you sure can. Please review the links provided below from the CRA & TurboTax to learn more:
- From the CRA: Deduction for tools for an eligible apprentice mechanic
- From TurboTax: How do I claim a credit for a tradesperson’s tools in TurboTax?
Footnote: We at TurboTax want to encourage you and your close family to take all necessary precautions to ensure your safety. Please review the articles provided below for more information during these difficult times:
March 28, 2020
12:33 PM