If you are a small business owner then you are eligible to claim expenses associated with courses you may have taken to expand your small business using the form T2125.
Yes, I had found that - would it just be the other category? I really did not see anything else that fits. Is there a maximum? I had done some substantial amount of courses to offer a new arm of my business.
Yes, you would just use Other.
Please note that you can only claim courses that upgraded or maintained your current skills as business expenses. If you took courses to acquire new skills, then these would be considered capital expenses, which can't be claimed on your T2125. You may still be able to claim them as tuition, and you might be able to use the Canada training credit (CTC) as well.
alh265288
New Member
joanne-darin
New Member
valktt
New Member
sbbyers
New Member
calizoe
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.