flossie Posted April 11 Report Share Posted April 11 On what form do you enter the cost of your safety deposit box to claim a deduction? Quote Link to comment Share on other sites More sharing options...
Geo123 Posted April 11 Report Share Posted April 11 Hello flossie, Safety Deposit Box : Taxpayers are permitted to deduct certain carrying charges incurred to earn income from investments. These charges currently include the cost of renting a safety deposit box. For taxation years beginning after March 20, 2013, the budget proposes that a deduction of an amount paid or payable in respect of the use of a safety deposit box of a financial institution will no longer be allowed. https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/federal-government-budgets/budget-2013/budget-2013-deduction-safety-deposit-boxes.html Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.