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kikin315
New Member

I would like to know if my insurance payment can be included in the deductions, like the monthly payments I make for my financed car?

 
3 Replies

I would like to know if my insurance payment can be included in the deductions, like the monthly payments I make for my financed car?

Are you employed or self employed?

kikin315
New Member

I would like to know if my insurance payment can be included in the deductions, like the monthly payments I make for my financed car?

Employed

 

I would like to know if my insurance payment can be included in the deductions, like the monthly payments I make for my financed car?

Please see what expenses are eligible as an employee in our TurboTax article: What Expenses Can You Deduct as an Employee?

As per the Canada Revenue Agency (CRA): "Before claiming any work-related expenses, you must have a completed Form T2200 Declaration of Conditions of Employment signed by your employer."

 

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