topic Can you deduct previous year's fees for tax return with personal income only (T4 income only)? in Getting started https://turbotax.community.intuit.ca/community/getting-started/discussion/can-you-deduct-previous-year-s-fees-for-tax-return-with-personal-income-only-t4-income-only/01/881705#M1038 Wed, 30 Oct 2019 02:43:02 GMT subir-majumdar 2019-10-30T02:43:02Z Can you deduct previous year's fees for tax return with personal income only (T4 income only)? https://turbotax.community.intuit.ca/community/getting-started/discussion/can-you-deduct-previous-year-s-fees-for-tax-return-with-personal-income-only-t4-income-only/01/881705#M1038 Wed, 30 Oct 2019 02:43:02 GMT https://turbotax.community.intuit.ca/community/getting-started/discussion/can-you-deduct-previous-year-s-fees-for-tax-return-with-personal-income-only-t4-income-only/01/881705#M1038 subir-majumdar 2019-10-30T02:43:02Z No.  Canada Revenue says:  You can only claim these fees... https://turbotax.community.intuit.ca/community/getting-started/discussion/no-canada-revenue-says-you-can-only-claim-these-fees/01/881707#M1039 <P>No.&nbsp; Canada Revenue says:&nbsp; You can only claim these fees if they are:</P><P>&nbsp;fees to have someone complete your return, but only if:&nbsp;</P><P>&nbsp; you have income from a business or property; </P><UL> <LI>accounting is a usual part of the operations of your business or property; <STRONG>and</STRONG> </LI> <LI>you did not use the amounts claimed to reduce the business or property income you reported (see <A href="http://www.cra-arc.gc.ca/E/pub/tp/it99r5-consolid/README.html" rel="nofollow" target="_blank">Interpretation Bulletin IT-99, Legal and Accounting Fees</A> </LI> </UL> Wed, 30 Oct 2019 02:43:03 GMT https://turbotax.community.intuit.ca/community/getting-started/discussion/no-canada-revenue-says-you-can-only-claim-these-fees/01/881707#M1039 fuzzy 2019-10-30T02:43:03Z
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topic Can you deduct previous year's fees for tax return with personal income only (T4 income only)? in Getting started
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Can you deduct previous year's fees for tax return with personal income only (T4 income only)?
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No.  Canada Revenue says:  You can only claim these fees...
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<P>No.&nbsp; Canada Revenue says:&nbsp; You can only claim these fees if they are:</P><P>&nbsp;fees to have someone complete your return, but only if:&nbsp;</P><P>&nbsp; you have income from a business or property; </P><UL> <LI>accounting is a usual part of the operations of your business or property; <STRONG>and</STRONG> </LI> <LI>you did not use the amounts claimed to reduce the business or property income you reported (see <A href="http://www.cra-arc.gc.ca/E/pub/tp/it99r5-consolid/README.html" rel="nofollow" target="_blank">Interpretation Bulletin IT-99, Legal and Accounting Fees</A> </LI> </UL>
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