Deductions as a Realtor

by Lora
(Ontario)

Can I claim/write off dental costs?

Can I claim/write off dry cleaning?

Can I claim/write off costs associated with the ownership of my cottage if I send clients there as a thank-you gift?

greatly appreciate any advice on these topics

Lora

Hi Lora,

On a Federal tax return, you can typically write off your out-of-pocket dental expenses on Schedule A, but the amount is limited based on a percentage of your income.

You can write off dry cleaning for uniforms only.

You can typically write off business use of home expenses for an exclusive use office area, but I'm not sure about a 2nd home used for gifts.

Perhaps someone else out there can help on this one?

Thanks for your contribution!