Tax Deductible Recurent Training

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Captain_Coward
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Tax Deductible Recurent Training

Post by Captain_Coward »

Hey all,

Wanted to ask a question about flight training and taxes. Ill be submitting for my ATPL in the coming months and the only thing needed is a group 1 recurrent as my previous one expired sometime ago.

Ill be heading to a local FTU in the near future to get this taken care of but my question is, is the training conducted for a Group 1 Recurrent ride specifically for the issuance of an ATPL which is considered "advancement in a current profession" tax deductible.

Im not in college as I graduated many years ago, but could i claim this amount on my taxes under a different tax avenue (not a T2202)

I have reached out to the CRA still awaiting a response.

Appreciate the help.
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Ruger Princess
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Re: Tax Deductible Recurent Training

Post by Ruger Princess »

In my experience - I claim everything! (17 yrs worth!! haha) Books (although not counted anymore stupid libs) and any and everything under the education credits - hell even my pens I use. If you're training esp at an FTU - they'll give you a T2202 form. Or you can ask for your invoice and claim it. Anything (from this tax season because I'm a nerd and like as much of my money back as possible) I was able to claim any online education items and anything related to any physical upgrading I did last year.

CRA will def know but that's been my experience.

Good luck!
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newlygrounded
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Re: Tax Deductible Recurent Training

Post by newlygrounded »

Ruger Princess wrote: Sun Jun 02, 2024 7:46 pm In my experience - I claim everything! (17 yrs worth!! haha) Books (although not counted anymore stupid libs) and any and everything under the education credits - hell even my pens I use. If you're training esp at an FTU - they'll give you a T2202 form. Or you can ask for your invoice and claim it. Anything (from this tax season because I'm a nerd and like as much of my money back as possible) I was able to claim any online education items and anything related to any physical upgrading I did last year.

CRA will def know but that's been my experience.

Good luck!
Years ago when I was training my school said you have to fly a certain number of hours a month to qualify for the T2202
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Ruger Princess
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Re: Tax Deductible Recurent Training

Post by Ruger Princess »

newlygrounded wrote: Mon Jun 03, 2024 6:49 pm
Ruger Princess wrote: Sun Jun 02, 2024 7:46 pm In my experience - I claim everything! (17 yrs worth!! haha) Books (although not counted anymore stupid libs) and any and everything under the education credits - hell even my pens I use. If you're training esp at an FTU - they'll give you a T2202 form. Or you can ask for your invoice and claim it. Anything (from this tax season because I'm a nerd and like as much of my money back as possible) I was able to claim any online education items and anything related to any physical upgrading I did last year.

CRA will def know but that's been my experience.

Good luck!
Years ago when I was training my school said you have to fly a certain number of hours a month to qualify for the T2202
So I use Intuit Tax software because I'm too lazy to look for but super keen to find, all the extras you can claim. This is how I found out about claiming training. I keep all receipts but so far, have never had a complaint.

This is what I found, 👇 and here is the link if you want to study more.

https://www.canada.ca/en/revenue-agency ... enses.html

https://turbotax.community.intuit.ca/co ... /00/939998

https://support.hrblock.ca/en-ca/Conten ... olClub.htm
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Ruger Princess
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Re: Tax Deductible Recurent Training

Post by Ruger Princess »

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newlygrounded
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Re: Tax Deductible Recurent Training

Post by newlygrounded »

Ruger Princess wrote: Mon Jun 03, 2024 7:48 pm
newlygrounded wrote: Mon Jun 03, 2024 6:49 pm
Ruger Princess wrote: Sun Jun 02, 2024 7:46 pm In my experience - I claim everything! (17 yrs worth!! haha) Books (although not counted anymore stupid libs) and any and everything under the education credits - hell even my pens I use. If you're training esp at an FTU - they'll give you a T2202 form. Or you can ask for your invoice and claim it. Anything (from this tax season because I'm a nerd and like as much of my money back as possible) I was able to claim any online education items and anything related to any physical upgrading I did last year.

CRA will def know but that's been my experience.

Good luck!
Years ago when I was training my school said you have to fly a certain number of hours a month to qualify for the T2202
So I use Intuit Tax software because I'm too lazy to look for but super keen to find, all the extras you can claim. This is how I found out about claiming training. I keep all receipts but so far, have never had a complaint.

This is what I found, 👇 and here is the link if you want to study more.

https://www.canada.ca/en/revenue-agency ... enses.html

https://turbotax.community.intuit.ca/co ... /00/939998

https://support.hrblock.ca/en-ca/Conten ... olClub.htm
Here is a letter I got when I was training several years ago

Image
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rookiepilot
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Re: Tax Deductible Recurent Training

Post by rookiepilot »

newlygrounded wrote: Mon Jun 03, 2024 6:49 pm
Ruger Princess wrote: Sun Jun 02, 2024 7:46 pm In my experience - I claim everything! (17 yrs worth!! haha) Books (although not counted anymore stupid libs) and any and everything under the education credits - hell even my pens I use. If you're training esp at an FTU - they'll give you a T2202 form. Or you can ask for your invoice and claim it. Anything (from this tax season because I'm a nerd and like as much of my money back as possible) I was able to claim any online education items and anything related to any physical upgrading I did last year.

CRA will def know but that's been my experience.

Good luck!
Years ago when I was training my school said you have to fly a certain number of hours a month to qualify for the T2202
Newly grounded, how did you treat claiming your expenses for your commercial licence? How did you file it back then? Think thats what people are asking
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newlygrounded
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Re: Tax Deductible Recurent Training

Post by newlygrounded »

rookiepilot wrote: Tue Jun 04, 2024 8:54 am
newlygrounded wrote: Mon Jun 03, 2024 6:49 pm
Ruger Princess wrote: Sun Jun 02, 2024 7:46 pm In my experience - I claim everything! (17 yrs worth!! haha) Books (although not counted anymore stupid libs) and any and everything under the education credits - hell even my pens I use. If you're training esp at an FTU - they'll give you a T2202 form. Or you can ask for your invoice and claim it. Anything (from this tax season because I'm a nerd and like as much of my money back as possible) I was able to claim any online education items and anything related to any physical upgrading I did last year.

CRA will def know but that's been my experience.

Good luck!
Years ago when I was training my school said you have to fly a certain number of hours a month to qualify for the T2202
Newly grounded, how did you treat claiming your expenses for your commercial licence? How did you file it back then? Think thats what people are asking
I never made it that far, but basically what I was told was that you'll need that t2202 form for at least the flight training in the airplane. You can't just claim the hours on your taxes without it. Sorry for any confusion!
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