Canada income Agency states cannabis that are medical qualify for taxation deductions
The Canada sales Agency has officially verified that medical cannabis obtained from an authorized producer under a doctor’s purchase matters as being A legitimate expense that is medical. This means legal pot that is medical are eligible for income income tax deductions.
The Canadian Medical Cannabis Industry Association received a page from the CRA month that is last this. The letter had been the CRA’s response to the CMCIA’s ask for a formal decision on medical marijuana’s income income tax status.
This means the CRA has recently included cannabis and cannabis seeds regarding the selection of qualifying costs. Read More