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Canada sales Agency states medical cannabis costs be eligible for a income tax deductions

Friday, August 16th, 2019

Canada sales Agency states medical cannabis costs be eligible for a income tax deductions

The Canada sales Agency has formally confirmed that medical cannabis acquired from an authorized producer under a doctor’s order counts as a genuine medical expense. This means legal pot that is medical are qualified to receive income tax deductions.

cbdoilrating net, inc. The Canadian Medical Cannabis business Association received a letter from the CRA last month confirming this. The page was the CRA’s response to the CMCIA’s ask for a decision that is official medical marijuana’s tax status.

Which means the CRA has recently included cannabis and cannabis seeds on the menu of qualifying costs. (more…)