Do not overlook to claim your health-related cannabis as a health-related expense when you do your 2016 taxes (due on or prior to April 30, 2017). Here’s how to do it:
Step 1: Get Your 2016 Receipts
Most Licensed Producers (LPs) have a section on their internet websites exactly where you can view your previous orders and print your receipts. If you cannot uncover it, please get in touch with your LP straight as it is their legal obligation to deliver you with your receipts.
Step two: Fill Out Your Tax Types
When you fill out your tax types, make certain you consist of the total quantity you spent on health-related cannabis more than the course of the year on your 2016 tax return.
A comprehensive rundown on claiming health-related costs can be located at Canada Income Agency’s Web page.
For a lot more data, please email [email protected] or contact us straight at 1-844-470-6063
Claim Your Cannabis As a Health-related Expense March 24th, 2017