Where do professional dues and liability insurance required for my job go, under Employment Expenses or later under Deductions?

msherman · ‎October 29, 2019

fuzzy · ‎October 29, 2019

Liability insurance is also deductible on the same line as mentioned by TonyC1. For more info, please see http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns206-236/212/menu-eng.html

View solution in original post

fuzzy · ‎October 29, 2019

Liability insurance is also deductible on the same line as mentioned by TonyC1. For more info, please see http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns206-236/212/menu-eng.html

TonyC11 · ‎October 29, 2019

Bona Fide professional dues, those required to maintain your professional standing for employment reasons, would be entered on line 212 of the T1 as a deduction from income.

Liability insurance is another matter. It can be claimed as a business expense if you areo self employed.

vantershe · ‎October 29, 2019

where exactly would you deduct it as a self employed person?

TonyC11 · ‎October 29, 2019

It would be on your T2125 form.

Discover

Support

Where do professional dues and liability insurance required for my job go, under Employment Expenses or later under Deductions?

Where do professional dues and liability insurance required for my job go, under Employment Expenses or later under Deductions?

Where do professional dues and liability insurance required for my job go, under Employment Expenses or later under Deductions?

Where do professional dues and liability insurance required for my job go, under Employment Expenses or later under Deductions?

Where do professional dues and liability insurance required for my job go, under Employment Expenses or later under Deductions?

Where do professional dues and liability insurance required for my job go, under Employment Expenses or later under Deductions?

Why sign in to the Community?

Discover

Support

Do you have a TurboTax Online account?

Where do professional dues and liability insurance required for my job go, under Employment Expenses or later under Deductions?

Where do professional dues and liability insurance required for my job go, under Employment Expenses or later under Deductions?

Where do professional dues and liability insurance required for my job go, under Employment Expenses or later under Deductions?

Where do professional dues and liability insurance required for my job go, under Employment Expenses or later under Deductions?

Where do professional dues and liability insurance required for my job go, under Employment Expenses or later under Deductions?

Where do professional dues and liability insurance required for my job go, under Employment Expenses or later under Deductions?

Related Content