Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
EnglishEN

Pick a language

Français English
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 1

Where do I enter the fees paid to the accountant for preparing previous year tax return?

 
1 Best answer

Accepted Solutions
Moderator

Where do I enter the fees paid to the accountant for preparing previous year tax return?

Fees paid for your accountant to prepare your income tax return can be entered as investment fees.  Please keep in mind that you are only able to deduct these expenses if you are claiming business income on your tax returns.  Otherwise, the CRA will disallow it.

1 Reply
Moderator

Where do I enter the fees paid to the accountant for preparing previous year tax return?

Fees paid for your accountant to prepare your income tax return can be entered as investment fees.  Please keep in mind that you are only able to deduct these expenses if you are claiming business income on your tax returns.  Otherwise, the CRA will disallow it.