Can an Owner-Manager Deduct Employment Expenses on their Personal Tax Return?
If you are an employee of a business, you may have the opportunity to deduct expenses on your personal tax return that are required under your contract of employment. To claim work-related expenses, an employee needs to obtain a certified Form T2200 from their employer. If you are a shareholder-employee of the company, can you deduct employment expenses? Based on the Tax Court of Canada’s decision in the 2009 Adler case, the answer appeared to …
Can an Owner-Manager Deduct Employment Expenses on their Personal Tax Return? Continue Reading
