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Tool Allowance for Tradespeople +

Posted on January 5, 2023January 6, 2023 by boufford

If you were an employed tradesperson in 2012 or later (including an eligible apprentice mechanic), you may be able to deduct up to $500 of the cost of eligible tools bought to earn your employment income.

Learn more: http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns206-236/229/trds/menu-eng.html

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