Quick tax question...

GSPY · Post by **GSPY** » Tue Mar 07, 2006 5:05 pm

Hello all,

I am in the position of trying to find out if the money that I spent on my IFR renewal is tax deductable? It was required for me to get onto the flightline. No IFR, no fly. If so, how should I go about deducting that? Would it be a work related expense (since it was required for the job) or is an education deduction (for furthering my education to achieve a job)?

I hope somone out there has done this, because I asked the flight school that I renewed at and they say that I can only get an education deducation form (T2202A) if it's an initial. Any help would be appreciated.

P.S. My IFR was expired at the time I went to get my renewal.

Thanks.

GSPY

que pasa · Post by **que pasa** » Tue Mar 07, 2006 8:46 pm

I was in the same boat as you a few years ago, renewed my IFR after it had expired and was promptly given the forms by the flying school come tax time.

I don't see why they wouldn't give you the form. Any dual time to me seems like "instruction/education", and you should be able to write it off just like you did when you initially got it.

Maybe someone else can shine some light, but I'd keep on those folks to give you the form.

QP?

lowandslow · Post by **lowandslow** » Tue Mar 07, 2006 9:03 pm

BULLSHIT. i always deducted my renewal. Get the form. The flight school has no say whatsoever

prop2jet · Post by **prop2jet** » Wed Mar 08, 2006 6:51 am

The cost of renewing your IFR rating at your expense can be considered a tuition expense provided that only DUAL time is being written off and the training was conducted at a school recognized by CCRA. A link to the form is below: Tell whoever at the Flying School to RTF heading if they refuse to sign!

http://www.cra-arc.gc.ca/E/pbg/tf/tl11b/tl11b-04e.pdf

GSPY · Post by **GSPY** » Wed Mar 08, 2006 5:25 pm

Thanks guys. That's what I thought.

co-joe · Post by **co-joe** » Thu Mar 09, 2006 8:31 pm

prop2jet is right,

the school has to be accredited by the government (I thought it was HRDC not CCRA but what do I know?). Basicall if the rules haven't changed, the school has to be able to provide student loans and T2202a forms. If no, they're not properly accredited and you might not be able to write off the tuition and education amounts. Try anyway though...

WetJet · Post by **WetJet** » Thu Mar 09, 2006 10:16 pm

The easiest way is to have sombody at the flight school fill out the T2202a forms, even if they are not an accredited school. If you can find sombody at the school that will do it for you, then go ahead and claim the whole amount they fill in. I know of a few float operators that will give you the form and they "might" not have all the necessary credentials but then it is up to CCRA to track the school down... and they usually don't.