Employment Expenses

Are you or someone you know employed and paying for expenses that are not reimbursed by your employer? Many people do not know that employment expenses can be deducted. For example if you had to carry tools for work, needed to drive your vehicle or needed a computer for work and you had to pay for the items you may be able to deduct them on your taxes. If you were reimbursed for these expenses you would not claim them on your taxes, however if you were reimbursed for them, but your employer included the reimbursement in your T4 income, then you would claim the expenses. The key to claiming these expenses is getting a T2200 (Declaration of Conditions of Employment) signed by your employer. CRA typically requires this for each year you are claiming expenses. Business Owners deduct all kinds of expenses, why can’t employees deduct some as well!