Canada income Agency states cannabis that are medical qualify for taxation deductions

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