7 bizarre tax questions that could actually help you with your return No matter how thorough Canada guidelines, they can never answer all the questions.
Sometimes, your life doesn fit into any of the boxes set out by the taxman. However, performers may beable to claim costumes used exclusively for work. And it not just clothing. A rap singer may be able to claim the cost of getting dreadlocks, according to Amanda Mills of Toronto based Artbooks, an accounting firm that specializes in assisting freelancers working in the arts. READ MORE:Canadians in the sharing economy are running out of excuses not to pay taxes Can baby diapers be considered a tax deduction? There no question that baby diapers can take a ray ban glasses for men sizable bite out of new parents finances. Unfortunately, though, they can take a load off of mom and dad tax bill. It may seem unfair, but baby diapers are a personal expense. That doesn mean the taxman is implying they a discretionary expense. It simply means the government isn prepared to give you a tax break on them. Afterall, if the cost of allnecessities of life wasdeductible, there wouldn be much left to tax. READ MORE:What the CRA can and can't do with your data and social media accounts After getting divorced, I moved in with another man. Later, that relationship ended all within the same year. What should my marital status be? Usually, youcan claim legal expensesto defend yourself against criminal charges. However, if the charges are tied to your business activity, you may be able ray ban on line to deduct them from your business income. are always surprised to learn that an illegal business must pay tax on its income, reads the website from Vaughan, Ont. based tax law firmBarrett Tax Law. But that ray ban 3025 aviator how ray brand sunglasses things work in Canada. a taxpayer is caught committing a criminal act, they will obviously be brought before the courts on a criminal matter. What taxpayers do not realize is that once the criminal portion is finished, a whole new tax portion begins, according to the law firm. Be it pot, drugs or prostitution,if you made money on it, you owe money to the Canada Revenue Agency. But taxpayers making money illegally are also able to claim business expenses. the CRA is claiming that an illegal business must pay its fair share of taxes, then it is reasonably allowed to deduct all of the costs it incurred to make that illegal money, according toBarrett Tax Law. READ MORE:Self employed? Here are 6 steps to get your taxes right I use a pet tiger in my act. How do I claim itin my tax return? As with diapers, tampons and sanitary pads are a personal expense and cannot be claimed on your tax return.
However, there are plenty of legitimate medical costsyou can use to help reduce your taxes. If you incurred the expenses during the tax year and have kept the receipts, you can claim anything from an artificial limb to an air conditioner, if you can prove it medically required. For a full list of eligible expenses you can claim on your federal return, see here.
Prev: ray brand glasses
Next: black and gold ray bans wayfarer