Tax Time

[STICKJIGGLER]

Would the purchase of a flight helmet be an eligible deduction. Employment/Safety supplies?

[Iceman]

I was also wondering about an IFR rating, has anyone here had the chance to write that off?

[__________]

I was also wondering about an IFR rating, has anyone here had the chance to write that off?

 

 

If you did the IFR course through a credited flight school then you should get the tuitions credits for the course.

[Chopper76]

I did my IFR rating at Pro IFR and they sent me a tax form in the mail and was able to write off the cost. If my memory serves me correct I was only able to write off a certain % each year.

[simpleton]

I did my IFR rating at Pro IFR and they sent me a tax form in the mail and was able to write off the cost. If my memory serves me correct I was only able to write off a certain % each year.

 

 

You can write it all off on your taxes. You can write off your medical, licensing/transport fees, helmet, aviation GPS, maps & publications. Travel to work can also be claimed if your employer requires you to work away from head office (which most helicopter pilots do). To claim all this, you must itemize a list, take it to your company and have them fill out a T2200 form.

 

 

 

.

[Translation]

I am planning to write off the helmet this year, under salaried employees/supplies. This looks like a pretty safe bet with the T2200 form.

 

As for the medical and TC fees, the only allowance for this appears to be under commission employess/licences. It's debatable whether flight pay is considered commission however.

 

Are most pilots writing off medical fees?

[Guest 47yrLowTimer]

See

 

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns300-350/330/llwxpns-eng.html

 

Specifically

 

Medical Practicionor and Tests

 

Not sure about the TC licencing fee but claiming it anyway.

[T-rex]

Unless yourself/family combined medical expenses are over $2000 per year, you are wasting your time. You can submit your $120 medical but you will not see anything come back.

[FREDDIE]

I write my medical off as a professional expense and never have been questioned.

[WTF_was_that]

This sums up this thread. Since everyone has this so called awesome accountant.