A real estate associate has paid some amount as a education and examination fee (no T2202)Where to enter in T2125.

The real estate associate spend over $4000 as a education and examination fee and there is no T2202. However the body has issued receipt for tax purpose. The realtor has a first year and he has spend this money to get real estate licence. Where this amount should be entered in T2125 because he is self employed.

Answer

Add a category in the T2125 and call it professional development. Use it for courses, certificates etc.

Otherwise, use Fees Licenses Dues for board fees, RECO expenses.

Real estate agents are my specialty :)

Annette

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