Why does line 457 not equal what was paid in hst o...

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Why does line 457 not equal what was paid in hst of the tool? Line 457 gives me around $65 but close to $245 were paid on hst of the tool.

 
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New Member

Why does line 457 not equal what was paid in hst of the tool? Line 457 gives me around $65 but close to $245 were paid on hst of the tool.

The maximum deduction for tradesperson's tools expenses is $500.  If you are in a province with 15% HST, that would explain why you are seeing $65.22 on line 457.

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