For most Canadians, the online tax software fee is not claimable as expense. However, there are a few scenarios where you can claim the expense:
1. You are self-employed
You can claim the expense for the online tax software under Professional Fees (including legal and accounting fees on Form T2125, Statement of Business or Professional Activities.
2. You are a commission employee
You can report the accounting software fees as employment expense on Form T777, Statement of Employment Expenses. Note it can only be claimed if your employer submitted a T2200 for you.
3. You earn rental income
You can claim the accounting software fees on Form T776, Statement of Real Estate Rentals.
Here's the link to a relevant TurboTax blog post.
michael-mckay
New Member
zzqxy
New Member
brooke-a-jensen
New Member
asaciacp
New Member
Balkisu--Garba
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.