Canada sales Agency says medical cannabis expenses be eligible for a income tax deductions

Canada sales Agency says medical cannabis expenses be eligible for a income tax deductions

The Canada income Agency has officially verified that medical cannabis acquired from an authorized producer under a doctor’s purchase counts as a genuine medical cost. This means legal medical pot users are qualified to receive income tax deductions.

The Canadian Medical Cannabis Industry Association received a page from the CRA final thirty days confirming this. The letter ended up being the response that is CRA’s the CMCIA’s ask for a formal choice on medical marijuana’s income income tax status.

Which means the CRA has recently included cannabis and cannabis seeds regarding the listing of qualifying costs. Continue reading “Canada sales Agency says medical cannabis expenses be eligible for a income tax deductions”