Bill C-315
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SUMMARY |
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The purpose of this enactment is to allow employees to deduct the
cost of providing tools for their employment if they are required to do
so by the employer as a condition of employment. The deduction
includes an allowance in respect of the capital cost of the tools and
rental, maintenance and insurance expenses.
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Regulations would set the appropriate depreciation rates applicable
to the capital costs for various types of tools.
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