Tax Tip: Tax Savings for Tradespersons

Did you know?

(firmenpresse) - OTTAWA, ONTARIO -- (Marketwire) -- 01/30/13 -- If you were an employed tradesperson in 2012 (including an eligible apprentice mechanic), you may be able to deduct up to $500 of the cost of eligible tools bought to earn your employment income.

Important facts

For more details on how to calculate the deduction for tools, go to .

If you are an eligible apprentice mechanic, you may be able to claim an additional tools deduction. To be eligible, you must be registered in a program that leads to a designation as a mechanic licensed to repair self-propelled motorized vehicles, and you have to be employed as an apprentice mechanic. To see if you qualify, go to the page at .

The Canada Revenue Agency's (CRA) online services make filing even easier and getting your refund faster

The CRA's online services are fast, easy, and secure. You can use them to file your income tax and benefit return, make a payment, track your refund and more. Sign up for direct deposit too! Your refund and any benefit or credit payments owed to you will be deposited directly into your account, putting your money into your pocket faster. For more information, go to .

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Contacts:
Noel Carisse
Canada Revenue Agency
613-952-9184

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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 30.01.2013 - 16:14 Uhr
Sprache: Deutsch
News-ID 224547
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