Canadian med grower question

[YYCannabis]

Question for my fellow canucks:
As a licensed personal cultivator for med cannabis, can I write-off the costs of the grow equipment as a medical expense at tax time? What about the extra costs in my utility bills?

Cheers
YYC

 

[Spidermite]

I'm in the US here you could not do that. Ask a local tax advisor

 

[HappyDaze]

Turbo Tax is a surprisingly good source of tax info....they say no to the expense claim.
"If you have a medical marijuana prescription, the CRA allows you to claim money spent on marijuana as a medical expense. To qualify, you must have a receipt, and the purchase must be made from a legal and licensed facility.
You may also claim the cost of marijuana seeds but may not claim any costs related to growing including lights, containers, fertilizers and other items."
https://turbotax.intuit.ca/tips/surprising-tax-deductible-medical-expenses-5281

 

[YYCannabis]

HappyDaze Thanks. I never thought of checking their site. I spoke to an accountant and he had no idea about the expenses for cultivating.

Cheers
YYC