Is the cost of my Turbotax package (110.00) deductible on my return?

Accounting fees and the cost of income tax preparation software are only deductible in certain situations:

• You have self-employment income or rental income from a property
• You are an employee who receives Commission remuneration, and you have a completed T2200 Declaration of Conditions of Employment from your employer

For more details, please see our Tax Tips article.

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