Legal Fees to collect late support payments…

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A recipient can deduct, on line 221 of their income tax and benefits return, legal fees incurred to: – collect late support payments;… – establish the amount of support payments from their current or former spouse or common-law partner; – establish the amount of support payments from the legal parent of their child (who is not… Read more »

Home Office Expenses

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You can deduct expenses you paid in 2014 for the employment use of a work space in your home, as long as you meet one the following conditions: The work space is where you mainly (more than 50% of the time) do your work. You use the workspace only to earn your employment income. You also… Read more »

Rental Income

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Rental Income = Revenue generated from rental units during a fiscal year.  This includes any deposit or last month rent collected from your tenants. You can deduct any reasonable expenses you incur to earn rental income. The two basic types of expenses are current expenses and capital expenses. For more information on what we consider… Read more »