You must record any Annual union, professional, or like dues you receive to the Canada Revenue Agency as investment income. There are, however, certain exceptions, and being aware of them and knowing how to take advantage of them can help you pay less in taxes.
Line 21200 on the tax return file is also known as Annual union, professional, or like dues. Line 21200 was 212 before the 2019 tax year.
You must include all revenue on your tax return, including interest, foreign interest, dividend income, foreign business income, and a few other types of income. Typically, they are displayed on the following slips:
Request reimbursement for the sum of the following payments you made during the employment-related year:
The key points of this blog are, you must record any Annual union, professional, or like dues you receive to the Canada Revenue Agency as investment income. There are, however, certain exceptions, and being aware of them and knowing how to take advantage of them can help you pay less in taxes. Line 21200 was 212 before the 2019 tax year. There are exceptions, and being aware of them and knowing how to take advantage of them can help you pay less in taxes.