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1. www.canada.ca › en › revenue-agencyLine 22100 – Carrying charges, interest expenses, and other ...

   www.canada.ca › en › revenue-agency

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   Completing your tax return. Claim on line 22100 of your return your total carrying charges, interest expenses and other expenses. If you have carrying charges for Canadian and foreign investment income, complete the chart for line 22100 using your Federal Worksheet. Keep all your documents in case the CRA asks to see them later.

2. www.canada.ca › en › revenue-agencyCommission employees - Canada.ca

   www.canada.ca › en › revenue-agency

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   Form T2200, Declaration of Conditions of Employment. Archived Interpretation Bulletin IT522R, Vehicle, Travel and Sales Expenses of Employees. Date modified: 2024-01-23. If you meet certain conditions, you may be able to deduct expenses paid to earn commission income, like food and lodging, entertainment, parking, etc.

3. www.canada.ca › en › revenue-agencyEmployees paid by commission - Canada.ca

   www.canada.ca › en › revenue-agency

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   Employees who earn commissions with expenses. Employees who are paid in whole or in part by commission and who claim expenses may choose to fill out a Form TD1X, Statement of Commission Income and Expenses for Payroll Tax Deductions in addition to Form TD1. To calculate the amount of tax to deduct, you can use the Payroll Deductions Online ...

4. turbotax.intuit.ca › tips › tax-deductible-expensesTax-Deductible Expenses for Commission Employees

   turbotax.intuit.ca › tips › tax-deductible-expenses

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   Oct 20, 2020 · Any time you are hosting a client at an event, you can deduct 50 percent of the amounts you spend on food, beverages, tickets, and entrance fees for an event as Entertainment Expenses. If you are required to be away from the office for over 12 hours at a time, you can also claim food and beverage costs. These costs refer to meals for yourself ...

5. turbotax.community.intuit.ca › communitySolved: Where do I enter investment expenses. Specifically ...

   turbotax.community.intuit.ca › community

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   Oct 30, 2019 · On my tax return it was entered on line 221. To enter Carrying Charges, Investment Interest paid or Investment Management Fees (IMFs), in TurboTax Online or the EasyStep view of TurboTax Desktop: Click on FIND (little magnifying glass on the top right)

6. turbotax.intuit.ca › tips › claiming-carryingClaiming Carrying Charges and Interest Expenses

   turbotax.intuit.ca › tips › claiming-carrying

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   Oct 6, 2022 · Carrying Charges and Interest Expenses You Cannot Claim. The Canada Revenue Agency has an extensive list of carrying charges and interest you paid to earn income from investments. These fees can be claimed on your tax return on Line 22100 – Carrying Charges and Interest Expenses. Eligible expenses may include legal fees for support payments ...

7. People also ask

   What expenses can I deduct if I earn commission income?

   • To deduct the expenses you paid to earn commission income, you have to meet all of the following conditions. You cannot deduct the cost of travel to and from work, or other expenses, such as most tools and clothing. Your employment expenses include any GST and provincial sales tax (PST), or HST, you paid on these expenses.

   Commission employees - Canada.ca

   www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-22900-other-employment-expenses/commission-employees.html

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   What if my total commission expenses are more than the commissions?

   • If your total commission expenses (except interest and capital cost allowance (CCA) on your vehicle) are more than the commissions or similar amounts you received, there is another method you can use to claim expenses. For more information, see our example.

   Commission employees - Canada.ca

   www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-22900-other-employment-expenses/commission-employees.html

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   What expenses can a commission employee claim on form t777?

   • As a commission employee, there are a variety of expenses that you can claim on Form T777, Statement of Employment Expenses, when you file your personal income tax return. These costs commonly include accounting fees, legal fees, and costs for business cards, promotional gifts, cellphones, and computers.

   Tax-Deductible Expenses for Commission Employees

   turbotax.intuit.ca/tips/tax-deductible-expenses-for-commission-employees-5365

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   Are Commission employees tax deductible?

   • Commission employees are often able to benefit from certain tax deductions that salaried employees do not have access to. The reason for this is commission employees are often required to pay additional expenses that salaried employees are not. Who Qualifies as a Commission Employee?

   Tax-Deductible Expenses for Commission Employees

   turbotax.intuit.ca/tips/tax-deductible-expenses-for-commission-employees-5365

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   What fees can I claim on my tax return?

   • These fees can be claimed on your tax return on Line 22100 – Carrying Charges and Interest Expenses. Eligible expenses may include legal fees for support payments, fees for preparing your income tax return and management fees for your investments if you qualify. Fees to manage or take care of your unregistered investments.

   Claiming Carrying Charges and Interest Expenses

   turbotax.intuit.ca/tips/claiming-carrying-charges-and-interest-expenses-162

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   How do I qualify as a commission employee?

   • To qualify as a commission employee, you must meet all of the following criteria: Get your maximum refund, guaranteed*. What Expenses Can Be Claimed? As a commission employee, there are a variety of expenses that you can claim on Form T777, Statement of Employment Expenses, when you file your personal income tax return.

   Tax-Deductible Expenses for Commission Employees

   turbotax.intuit.ca/tips/tax-deductible-expenses-for-commission-employees-5365

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8. www.aklerbrowning.com › claiming-a-deduction-forClaiming a deduction for union or professional dues

   www.aklerbrowning.com › claiming-a-deduction-for

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   Mar 24, 2023 · Line 21200 – Annual union, professional, or like dues. Claim the total of the following amounts that you paid (or that were paid for you and reported as income) in the year related to your employment: There are, of course, requirements which must be satisfied in order for such payments to qualify for a deduction.