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When legal fees become tax deductible. Generally, personal (as distinct from business-related) legal fees become deductible for most Canadian taxpayers only where they are incurred to recover amounts which they believe are owed to them.
- Legal Fees for Tax Advice or Assistance. You can deduct the legal fees you incurred for advice or assistance to respond to the Canada Revenue Agency when it reviews your income, deductions or credits.
- Legal Fees Concerning a Retiring Allowance or Pension Benefit. Your legal fees from collecting or confirming a right to a retiring allowance or pension benefit are deductible up to a certain yearly limit.
- Legal Fees Related to Child Support. The legal fees you pay while trying to make child support payments non-taxable are deductible. In addition, your legal fees from attempting to collect support payments owed by a current spouse, former spouse, common-law partner or the natural parent of the child are also deductible.
- Legal Fees to Collect Salary or Wages. You can deduct the legal fees you paid to collect or establish your right to salary, wages or other amounts related to employment income directly paid by your employer.
Jul 31, 2020 · Unfortunately, most other legal fees paid by individuals are simply not tax deductible. For example, the cost of preparing a will, suing your neighbour over their untrimmed hedges, or fees paid to your real estate lawyer for reviewing the lease agreement on your personal condo rental, are all not tax deductible.
Nov 22, 2019 · As a rule, legal fees are deductible just like any other business expense you have paid the fees to earn income. For example, if you operate a small business and you hire a lawyer to draft a contract for you or collect unpaid debts, those fees are deductible.
Legal fees can be deductible in certain situations. Find out which cases the CRA will accept as the reason for claiming these fees.
Generally, personal (as distinct from business-related) legal fees become deductible for most Canadian taxpayers only where they are seeking to recover amounts which they believe are owed to them, particularly where those amounts involved employment or employment-related income or, in some cases, family support obligations. Collecting Wages Owed.
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Mar 1, 2021 · If you hired a lawyer to help you get child support, or to get an increase in the amount of child support, some or all of your legal fees may be tax deductible. Here are some examples of things that a lawyer charges you for that you might be able to claim as a tax deduction:
