Taxes

rigpiggy · Post by **rigpiggy** » Thu Feb 23, 2006 6:29 am

For all you wannabes, and low timers make sure that you deduct this from your income tax
http://www.cra-arc.gc.ca/E/pbg/tf/tl11b/tl11b-04e.pdf

rigpiggy · Post by **rigpiggy** » Thu Feb 23, 2006 6:32 am

for the rest of us use this
http://www.cra-arc.gc.ca/E/pbg/tf/tl2/tl2-05e.pdf
and this
http://www.cra-arc.gc.ca/E/pbg/tf/t1-m/t1-m-05e.pdf

185_guy · Post by **185_guy** » Thu Feb 23, 2006 7:43 am

Thanks, I was just about to look for these today!

Stinky · Post by **Stinky** » Thu Feb 23, 2006 7:48 am

I don't quite understand the line:

"The most you can deduct for meal expenses is %50 of your claim."

What is it $15 or $7.50?

Flybabe · Post by **Flybabe** » Thu Feb 23, 2006 10:38 am

Says right there : $7.50

With the simplified method you are allowed $15 PER MEAL. But, when you total the column, only 50% qualifies. Stupid, but hey.. lol

Kinda like logging co-pilot time for an ATPL.

alabaster · Post by **alabaster** » Thu Feb 23, 2006 3:09 pm

Does anyone know if TC exam and license fees are duductable?

ScudRunner · Post by **ScudRunner** » Thu Feb 23, 2006 5:56 pm

Good question!! I just did mine and im getting $$2500 Back SCUDS going on Vacation

................Again

rigpiggy · Post by **rigpiggy** » Fri Feb 24, 2006 3:29 pm

If your employer gives a second form, will find out the #. then yes rides, medicals headsets, cellphone, pager etc...

KAG · Post by **KAG** » Fri Feb 24, 2006 8:59 pm

The TL2 usually gives me back $1500 a year. Not bad from one form.

C-GPFG · Post by **C-GPFG** » Sat Feb 25, 2006 10:25 am

Anything you buy that is required for work you can claim.

Here's my list:
Maps/plates
Medical
Flight test costs and written exam fees
Textbooks
Push to talk button
Fuel tester
Shoes, pants, belts, shirts, sweaters, jackets
Sunglasses
Had my NavHawk watch repaired last year, claiming it!

I've never claimed cell phone, even though I don't have a home line, and my company requires me to confirm each flight. So I probably could.

fixed pitch · Post by **fixed pitch** » Sat Feb 25, 2006 10:36 am

Can you claim for a uniform? How do you go about claiming med and uniform and all the rest? Just submit the bills if they ask? thanks

neophyte · Post by **neophyte** » Sat Feb 25, 2006 10:45 am

GPFG

It is important to note that just because you claimed those items successfully in the past does not mean you will not get an audit and dinged in the future. The CCRA has the right to look back 3-5 years if they feel something isn't right.

Not saying you can't claim some/all of the items you listed, just saying.

Good luck,

Neo

C-GPFG · Post by **C-GPFG** » Tue May 30, 2006 2:08 pm

Company signed off on those items..I forget what the official RevCan Form # is.

My undertsanding is if the company signs the forms with those items on them, I can claim them.

Please correct me if anyone knows otherwise.

C-GPFG · Post by **C-GPFG** » Tue May 30, 2006 2:10 pm

fixed pitch wrote:Can you claim for a uniform? How do you go about claiming med and uniform and all the rest? Just submit the bills if they ask? thanks

Exactly...kept all the bills if RevCan comes knocking.

rigpiggy · Post by **rigpiggy** » Tue May 30, 2006 3:11 pm

Ithink t2200 is the relevant, i'll have to get out the taxes