Solved: Where do professional dues and liability insurance...

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New Member

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

 
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New Member

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

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

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New Member

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

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

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New Member

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

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.
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New Member

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

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

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

It would be on your T2125 form.
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