Income taxes

[Futureresident]

Anyone have luck obtaining t2200 for deduction of work related expenses. If so what kinds of expenses did you deduct?

also, at ubc disability insurance is mandatory condition of employment, does anyone have experience deducting this as an expense?

[ellorie]

U of T issues T2200s for the following expenses: cell phone, car/mileage, CPSO fees, and CMPA fees.

I claim CPSO and CMPA.  I don't drive (if you do, there are pretty specific rules about what you can and can't deduct in terms of mileage).  I do have a cell phone, but since you can only deduct the portion of the expenses that you use for work related calls, it's not really worth it for me to deal with that IMO.  So for me I just claim CMPA and CPSO.

[ploughboy]

On 4/1/2018 at 9:30 AM, ellorie said:

U of T issues T2200s for the following expenses: cell phone, car/mileage, CPSO fees, and CMPA fees.

I claim CPSO and CMPA.  I don't drive (if you do, there are pretty specific rules about what you can and can't deduct in terms of mileage).  I do have a cell phone, but since you can only deduct the portion of the expenses that you use for work related calls, it's not really worth it for me to deal with that IMO.  So for me I just claim CMPA and CPSO.

And only claim the portion of the CMPA which isn't reimbursed by the government.

[LittleDaisy]

We could get a professional accountant to do our residency taxes for free, just email your local MD financials representative (downside is that you have to be a OMA & CMA Member)

I got mine done by MD financials recommended accountant, very keen + professional! Would definitely recommend and saves us 100-200$ for LMCC part II lol! 

[dnao2]

For CPSO fees (2017) it was $411.25 (application fee) + $325 (membership fee).  Can we claim both for a total of $736.25 or only the membership fee?  Also, I don't think a GST/HST rebate can be further claimed on these?

[ellorie]

I think it’s only the membership fee

[FMinterview]

Are courses for professional development during residency like PALS/NRP/ACLS/ATLS tax deductible even if they're not required for your program

[bloh]

Yes