topic I require teacher training to start a business. Is the training tax deductible? If so, what are the steps? Do I need business number set up before I do the training? in Self-employed https://turbotax.community.intuit.ca/community/self-employed/discussion/i-require-teacher-training-to-start-a-business-is-the-training-tax-deductible-if-so-what-are-the/01/908203#M2887 <P>I have a business number from when I did contract work a number of years ago and was going to change this number over to the new business that I am thinking of doing.&nbsp; I am wondering if I need to do this before I do any training that is required for the business? Also, I require the training in order to run the business, provide a service to clients.&nbsp; Is the training itself tax deductible even though I am doing the training before I am making any business revenue? If so, what are the steps needed to do so?</P> Wed, 30 Oct 2019 13:40:24 GMT kirstenmiller20 2019-10-30T13:40:24Z I require teacher training to start a business. Is the training tax deductible? If so, what are the steps? Do I need business number set up before I do the training? https://turbotax.community.intuit.ca/community/self-employed/discussion/i-require-teacher-training-to-start-a-business-is-the-training-tax-deductible-if-so-what-are-the/01/908203#M2887 <P>I have a business number from when I did contract work a number of years ago and was going to change this number over to the new business that I am thinking of doing.&nbsp; I am wondering if I need to do this before I do any training that is required for the business? Also, I require the training in order to run the business, provide a service to clients.&nbsp; Is the training itself tax deductible even though I am doing the training before I am making any business revenue? If so, what are the steps needed to do so?</P> Wed, 30 Oct 2019 13:40:24 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/i-require-teacher-training-to-start-a-business-is-the-training-tax-deductible-if-so-what-are-the/01/908203#M2887 kirstenmiller20 2019-10-30T13:40:24Z If you need the training to acquire a skill that you don’... https://turbotax.community.intuit.ca/community/self-employed/discussion/if-you-need-the-training-to-acquire-a-skill-that-you-don/01/908204#M2888 <P> <SPAN>If you need the training to acquire a skill that you don’t currently have, then the CRA would consider the training a “Capital” expense. You would not be able to deduct the cost of a capital expense. <A href="https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/it357r2/archived-expenses-training.html" rel="nofollow" target="_blank">https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/it357r2/archived-expenses-training.html</A></SPAN> </P><P> </P><P> <SPAN>However, if your training is eligible, you might be able to get some deductions and credits as a student. <A href="https://www.canada.ca/en/revenue-agency/services/tax/individuals/segments/students/common-deductions-credits-students.html" rel="nofollow" target="_blank">https://www.canada.ca/en/revenue-agency/services/tax/individuals/segments/students/common-deductions...</A></SPAN> </P> Wed, 30 Oct 2019 13:40:26 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/if-you-need-the-training-to-acquire-a-skill-that-you-don/01/908204#M2888 TurboTaxSusan 2019-10-30T13:40:26Z Re: If you need the training to acquire a skill that you don’... https://turbotax.community.intuit.ca/community/self-employed/discussion/re-if-you-need-the-training-to-acquire-a-skill-that-you-don/01/1214035#M7789 <P>Hi,</P><P>I took 3 training and obtain forklift certificate/license with how can i deduct this. without this training/certificate the employer would not accept me in the job. I am not self-employed income is T4, I was not reimbursed. Its total cost is around $775.&nbsp;</P><P>&nbsp;</P><P>Thanks,</P><P>sparkfire</P> Sun, 23 Feb 2020 16:55:18 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/re-if-you-need-the-training-to-acquire-a-skill-that-you-don/01/1214035#M7789 sparkfire9 2020-02-23T16:55:18Z
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topic I require teacher training to start a business. Is the training tax deductible? If so, what are the steps? Do I need business number set up before I do the training? in Self-employed
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https://turbotax.community.intuit.ca/community/self-employed/discussion/i-require-teacher-training-to-start-a-business-is-the-training-tax-deductible-if-so-what-are-the/01/908203#M2887
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<P>I have a business number from when I did contract work a number of years ago and was going to change this number over to the new business that I am thinking of doing.&nbsp; I am wondering if I need to do this before I do any training that is required for the business? Also, I require the training in order to run the business, provide a service to clients.&nbsp; Is the training itself tax deductible even though I am doing the training before I am making any business revenue? If so, what are the steps needed to do so?</P>
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I require teacher training to start a business. Is the training tax deductible? If so, what are the steps? Do I need business number set up before I do the training?
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https://turbotax.community.intuit.ca/community/self-employed/discussion/i-require-teacher-training-to-start-a-business-is-the-training-tax-deductible-if-so-what-are-the/01/908203#M2887
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<P>I have a business number from when I did contract work a number of years ago and was going to change this number over to the new business that I am thinking of doing.&nbsp; I am wondering if I need to do this before I do any training that is required for the business? Also, I require the training in order to run the business, provide a service to clients.&nbsp; Is the training itself tax deductible even though I am doing the training before I am making any business revenue? If so, what are the steps needed to do so?</P>
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If you need the training to acquire a skill that you don’...
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https://turbotax.community.intuit.ca/community/self-employed/discussion/if-you-need-the-training-to-acquire-a-skill-that-you-don/01/908204#M2888
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<P> <SPAN>If you need the training to acquire a skill that you don’t currently have, then the CRA would consider the training a “Capital” expense. You would not be able to deduct the cost of a capital expense. <A href="https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/it357r2/archived-expenses-training.html" rel="nofollow" target="_blank">https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/it357r2/archived-expenses-training.html</A></SPAN> </P><P> </P><P> <SPAN>However, if your training is eligible, you might be able to get some deductions and credits as a student. <A href="https://www.canada.ca/en/revenue-agency/services/tax/individuals/segments/students/common-deductions-credits-students.html" rel="nofollow" target="_blank">https://www.canada.ca/en/revenue-agency/services/tax/individuals/segments/students/common-deductions...</A></SPAN> </P>
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<pubDate>Wed, 30 Oct 2019 13:40:26 GMT</pubDate>
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Re: If you need the training to acquire a skill that you don’...
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https://turbotax.community.intuit.ca/community/self-employed/discussion/re-if-you-need-the-training-to-acquire-a-skill-that-you-don/01/1214035#M7789
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<P>Hi,</P><P>I took 3 training and obtain forklift certificate/license with how can i deduct this. without this training/certificate the employer would not accept me in the job. I am not self-employed income is T4, I was not reimbursed. Its total cost is around $775.&nbsp;</P><P>&nbsp;</P><P>Thanks,</P><P>sparkfire</P>
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<pubDate>Sun, 23 Feb 2020 16:55:18 GMT</pubDate>
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