The Commerce Journal,Business and Local Businesses
*The Commerce Journal>>>Canada Taxes

Laptop tax deductable??


In Canada, can a student claim a laptop on their yearly income tax??

No, taken directly from CRA's site:

"In addition, you cannot claim the following other expenses:

students' association fees;
medical care;
transportation and parking;
meals and lodging;
goods of a lasting value that you will keep, such as a computer, microscope, uniform, or an academic gown;
initiation or entrance fees to a professional organization; or
cost of books (other than books that are included in the total fees for a correspondence course). " Source(s): http://www.cra-arc.gc.ca/tax/individuals...
no you can only claim tuition worth more than $100
Tags
　　Spain Taxes 　　Singapore Taxes 　　Mexico Taxes 　　Ireland Taxes 　　India Taxes 　　Germany Taxes 　　Canada Taxes 　　Australia Taxes 　　Small Business 　　Renting & Real Estate
Related information
  • Can you claim your spouse on your income tax if they are a stay at home parent?
    Yes, your husband can claim you on his taxes. Take a look at a tax return, and you'll see how it works. One of your edits makes a note of him receiving $7,000 back for claiming you - t...
  • GST for incorporation and sole proprietorship?
    This depends on whether or not you are registered for the GST. If you have annual sales of greater than $30,000 then you are required to register for GST, charge GST on your sales, and remi...
  • Question about canadian income tax?
    I believe that you are asking about QST and GST. Once you have determined the GST and QST that you charged on your sales (income) then you need to add up how much GST/QST you paid on your b...
  • When will I get paid? I work at a grocery store in Canada.?
    It depends on how the pay periods co-incide with your start date. For example, the payday on Thursday of your first week was probably for the two weeks before you started, which is why you ...
  • Working in Canada with non-immigrant visa?
    We all pay the same tax. 70 %?? Don't think so. Look here: ...
  • Should I lease a car?
    There is a limit on the amount of lease payment that is deductible for tax purposes: $800 plus PST and GST Also, if it is your "company's" car, you'd be receiving a t...
  • If you make below the taxable income line, does your employer still take the tax off, then you get it back...?
    If your annualized wages are below the exemption then no tax should be deducted from your paycheque. Currently the exemption is approximately $9,000, which translates into roughly $350 ever...
  • If a couple earns over 65 k a year in canada, what are some ideas for tas reduction?
    1) Buy RRSP. In fact, maximize it if you know you are not going to move up to a higher tax bracket in a year or two, and you don't need the money until retirement. 2) Borrow to buy ...
    • 　

    Commerce Categories--Copyright/IP Policy--Contact Webmaster