Tax deduction of up to $500 for tradespeople to help them buy tools that cost more than $1,000.
You may be able to deduct the cost of eligible tools you bought to earn employment income as a tradesperson and as an eligible apprentice mechanic. This cost includes any GST, and provincial sales tax, or HST you paid.
NOTE: As an eligible apprentice mechanic, you must first calculate the tradesperson's tools deduction, if any, that you qualify for.
You may be able to get a rebate of the GST/HST you paid. For more information, see GST/HST Rebate. When completing Form GST370, Employee and Partner GST/HST Rebate Application, see if Situation 6 applies to you.
