My question is this : are my transportation/lodging/food/equipment costs deductable in full, or just a percentage of these expenses?
I refiled my return from a few years back after I found thousands of dollars worth of receipts I'd misplaced, and Revenue Canada scrutinized those expenses quite closely, and decided they didn't like what I was doing, so I'm a bit skittish this year.
a question re: deducting expenses
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Re: a question re: deducting expenses
Food is only 50%, and that's only when you're classifying that as a moving expense.
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- TheHamsterizer
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Re: a question re: deducting expenses
I wouldn't worry too much about getting busted:
http://www.montrealgazette.com/life/Ant ... story.html
"At the Canada Revenue Agency, for example, the system that processes tax returns and benefit payments was built in the 1970s."
I was overpayed 3200$ this year in EI payments(it's a long story), but I came clean and admitted that they had made a mistake. Now I'm thinking I should have kept my mouth shut.
http://www.montrealgazette.com/life/Ant ... story.html
"At the Canada Revenue Agency, for example, the system that processes tax returns and benefit payments was built in the 1970s."
I was overpayed 3200$ this year in EI payments(it's a long story), but I came clean and admitted that they had made a mistake. Now I'm thinking I should have kept my mouth shut.
If I agreed with you, we'd both be wrong
Re: a question re: deducting expenses
Maybe, but I have been audited before. Specifically for a plane ticket from Grand Prairie, AB to Thunder Bay, ON. Had to show my receipt and have my employer state that I was in fact relocating for work purposes and was not being reimbursed. So... Personally, for big ticket expenses I would hold on to those receipts and make sure there legit.TheHamsterizer wrote:I wouldn't worry too much about getting busted:
http://www.montrealgazette.com/life/Ant ... story.html
"At the Canada Revenue Agency, for example, the system that processes tax returns and benefit payments was built in the 1970s."
I was overpayed 3200$ this year in EI payments(it's a long story), but I came clean and admitted that they had made a mistake. Now I'm thinking I should have kept my mouth shut.
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Re: a question re: deducting expenses
I got burned once on a moving expenses audit. I did everything perfectly, so I would be "bulletproof" if I was ever audited. The letter came and I laughed. Then I started looking for my receipts, and stopped laughing. Couldn't find them. I ended up having to waive all my moving expense deductions because I couldn't find the receipts.
Found them several years later, but by that time, it was past the end of the appeal date for the audit, so I couldn't go back and say, "Here they are."
Annoying, but my own fault.
Found them several years later, but by that time, it was past the end of the appeal date for the audit, so I couldn't go back and say, "Here they are."
Annoying, but my own fault.
Free download of "Step By Step" training book: www.replant.ca/digitaldownloads
Personal Email: jonathan.scooter.clark@gmail.com
Sponsor Tree Planting: www.replant-environmental.ca
(to build community forests, not to be turned into 2x4's and toilet paper)
Personal Email: jonathan.scooter.clark@gmail.com
Sponsor Tree Planting: www.replant-environmental.ca
(to build community forests, not to be turned into 2x4's and toilet paper)