How to correctly claim Tradesman and Apprentice tool expenses?
I am doing my Son's taxes and he is an apprentice Mechanic,3rd year, and he bought quite a bit of tools in 2014 and therefore I am trying to figure out if I am entering the information correctly?
First of all does both get filled out or can you only claim one? If so the Apprentice seems to be the one to claim in as Tradesperson only allows for a max of $500.
Anyways he has a print out of all tools purchased from Mac Tools, giving a description of all the tools and the total amount spent, which includes the GST. There is no break done of GST and cost of the tools.He has a print out of this tool purchases and total cost, but it includes GST. So in the GST taxable column do I enter the total that I see on his print out or do I have to get the total multiple by .05 to figure out the GST and then enter the value before GST?
Also what is Zero rated & exempt?