Is professional liability insurance tax deductible? - Canada? - is professional liability insurance deductible 2009
Please read carefully:
Under Revenue Canada, the line 212 "or professional liability insurance premiums for professional liability or charges must maintain a professional status recognized by law": http://www.cra-arc.gc. Ca / TX / ndvdls / PCT /. ..
Well .. If I work as a health worker and is an option for me out liability insurance provided by my professional association to obtain liability insurance, the deductible, the tax?
Saturday, February 20, 2010
Is Professional Liability Insurance Deductible 2009 Is Professional Liability Insurance Tax Deductible? - Canada?
Subscribe to:
Post Comments (Atom)
1 comments:
No, it should be necessary.
If you are a contract worker, ie are independent of insurance, said it would be a charge against income on Form T2125.
If you are an employee, you will be covered by insurance from their employer and therefore their own insurance, it will be important, not CRA, therefore not deductible.
Post a Comment