Tradesperson’s Tools Deduction by Accountant Brampton

Tax Accountant Brampton

Accountant Brampton

You may be able to deduct the cost of eligible tools you  bought in 2010 to earn employment income as a tradesperson at Accountant Brampton. This cost includes any GST and provincial sales tax, or HST that you paid. You may be able to get a rebate of the GST/HST you paid.

An eligible tool is a tool (including associated equipment such  as a toolbox) that:

■ you bought to use in your job as a  tradesperson and was not  used for any purpose before you bought it;

■ your employer certified as being necessary  for you to provide  as a condition of, and for use in, your job as a tradesperson;  and

■ is not an electronic communication device  (like a cell phone)  or electronic data processing equipment (unless the device or equipment can be used only for the purpose of measuring, locating, or calculating).

Your  employer has to complete and sign Form T2200, Declaration of Conditions of Employment. Have your employer complete  question 11 of Part B of the form to certify that the tools  being claimed were bought and provided by you as a condition  of your employment as a tradesperson. Attach to Form T2200 a list of the tools you are claiming, as well as the related receipts. You do not have to include Form  T2200, your receipts, or your list of tools with your return, but keep  them in case CRA ask to see them.


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