Canada sales Agency claims cannabis that are medical be eligible for income tax deductions

Canada sales Agency claims cannabis that are medical be eligible for income tax deductions

The Canada income Agency has formally verified that medical cannabis acquired from an authorized producer under a doctor’s purchase matters being A legitimate expense that is medical. Which means that legal pot that is medical are eligible for income income tax deductions.

The Canadian Medical Cannabis Industry Association received a page from the CRA final thirty days confirming this. The letter had been the CRA’s response to the CMCIA’s request for a official choice on medical marijuana’s income tax status.

Which means the CRA has recently included cannabis and cannabis seeds regarding the menu of qualifying costs. Continue reading “Canada sales Agency claims cannabis that are medical be eligible for income tax deductions”