oscarthegrouch
Member
has anyone here tried to write off their grow equipment or electricity as a medical expense? how did it go?
-
Happy Birthday ICMag! Been 20 years since Gypsy Nirvana created the forum! We are celebrating with a 4/20 Giveaway and by launching a new Patreon tier called "420club". You can read more here.
-
Important notice: ICMag's T.O.U. has been updated. Please review it here. For your convenience, it is also available in the main forum menu, under 'Quick Links"!
mmar tax write offs?
- Thread starter oscarthegrouch
- Start date
Hahahahahahah, ya right. Next you'll be asking for free meds cuz ya can't grow your own. Peace GS
u cant do it , no d.i.n for Cannabis so no Gov bux$ for u
SO sad
TS
SO sad
TS
oscarthegrouch
Member
I thought it might be possible, I heard of one guy I know successfully doing it thought maybe it was common. I know health Canada told me if I bought from them I could write off the taxes but I didn't go down that road...
oscarthegrouch
Member
There's no d.i.n. number for lots of medical things you can write off, Tax write offs are different then claiming under a drug plan. Have you tried? or are you assuming?u cant do it , no d.i.n for Cannabis so no Gov bux$ for u
SO sad
TS
Can't win if ya don't play. I asked the lawyer though and he told me not to waste my time. Peace GS
oscarthegrouch
Member
cool thx, I know I wouldn't get much back but anything helps
I know a tax guy , who said he has had claims rejected , but others have had success , worth a try maybe ?
TS
TS
My lawyer was wrong about my request, or the dude that got 70% back. I would bet his claim was under a grand, but I am just guessing. Lets just say my claim would have been considerably more. Peace GS
ps. same lawyer you came to me with questions for a few years back
my tax guy says that the only thing on my med grow that would qualify would be seeds if i were to buy them from HC (not likely)
this guy is arrow straight so YMMV
this guy is arrow straight so YMMV
based on what I understand. There is no DIN, so the product itself is not covered under any health plans. BUT. The expenses in purchasing product, even though there is no DIN, is still available to be written off at tax time, using whatever rules other medical expense claims use (I'm not an accountant!). Assuming you get a receipt or some form of documentation of the transactions.. you are good to go legally.
My understanding of the DG situation, is that it is considered by HC a 'business' and therefore you can write off business expenses with CRA. such as nutes, electric, lights.. things like that. But again, the expenses need to be offset with legal/documented sales to patients.
For a personal grow, I'm not really sure how that would work. Sell the product to yourself, as a customer would from a company? Make a paper trail. This way I can see the company write off being quite good, 100% maybe. I suspect the personal medical tax exemption is pretty small, but you would be able to get both ends of the equation covered. Buy from yourself, and write off the purchase, and the expenses. I'm just thinking out loud here, and this should be checked with your lawyers or accountants, before attempting such a thing!
My 2 cents based on the documentation I've read from HC. the personal grow stuff is just speculation, I'm sure a good accountant will be able to resolve the legality. Pissing CRA off isn't a good thing.. ever. They can get quite mean.
The new program, I'm sure will be handled the same way, as there is no chance in hell we are getting a DIN any time soon. imho anyway.
good luck!
My understanding of the DG situation, is that it is considered by HC a 'business' and therefore you can write off business expenses with CRA. such as nutes, electric, lights.. things like that. But again, the expenses need to be offset with legal/documented sales to patients.
For a personal grow, I'm not really sure how that would work. Sell the product to yourself, as a customer would from a company? Make a paper trail. This way I can see the company write off being quite good, 100% maybe. I suspect the personal medical tax exemption is pretty small, but you would be able to get both ends of the equation covered. Buy from yourself, and write off the purchase, and the expenses. I'm just thinking out loud here, and this should be checked with your lawyers or accountants, before attempting such a thing!
My 2 cents based on the documentation I've read from HC. the personal grow stuff is just speculation, I'm sure a good accountant will be able to resolve the legality. Pissing CRA off isn't a good thing.. ever. They can get quite mean.
The new program, I'm sure will be handled the same way, as there is no chance in hell we are getting a DIN any time soon. imho anyway.
good luck!
Gram Paw smurf
Member
Dunno if weed needs a DIN imho.
Saying it needs 1 basicly amounts to admitting it should keep being treated like a "dangerous" controlled substance, when the reality is it shouldn't have any more than an NPN or its own control program like the tobacco control program, or like booze.
A DIN just gives them all that much more excuse to keep it form bein legalized when we all know it shouldn't have any tighter controls than the other numerous products on the market that are already proven to be more harmfull, and "dangerous" like alc. n smokes.
Shouldn't be anything stopping the government from covering it for ppl who need n use it as a medicine without any kind of number at all in reality.
People just seem to have excepted that because they say it's a reason they can't cover it not having a DIN that it makes it an emphatic truth.
Aside from the sickest and most vulnerable of us getting financial coverage for what they need, way I see it is since when at any point in history have the LOSERS of a "war" any war ever been in charge of dictating policy after having lost said "war"?
NEVER is when.
Why would we let this start happening now?
All we need is a control program where medical referals can garner someone coverage since a doc has signed off on it's value for said patient, while leaving the door open for fullo n legalization for adults.
It'd cover everything needed, and not shut any doors on full legalization like we all know is a MUST.
Which would ofcourse only cover commercial production, and market sales, while obviously givving us all the right to do what we can for ourselves just as has been ruled in the past with both alc. and tobacco for personal rec use.
That's just how I see it though.
I'm sure in time this stuff will all be worked out, most likely via many court orders.
cheers all,.............................................gps
Saying it needs 1 basicly amounts to admitting it should keep being treated like a "dangerous" controlled substance, when the reality is it shouldn't have any more than an NPN or its own control program like the tobacco control program, or like booze.
A DIN just gives them all that much more excuse to keep it form bein legalized when we all know it shouldn't have any tighter controls than the other numerous products on the market that are already proven to be more harmfull, and "dangerous" like alc. n smokes.
Shouldn't be anything stopping the government from covering it for ppl who need n use it as a medicine without any kind of number at all in reality.
People just seem to have excepted that because they say it's a reason they can't cover it not having a DIN that it makes it an emphatic truth.
Aside from the sickest and most vulnerable of us getting financial coverage for what they need, way I see it is since when at any point in history have the LOSERS of a "war" any war ever been in charge of dictating policy after having lost said "war"?
NEVER is when.
Why would we let this start happening now?
All we need is a control program where medical referals can garner someone coverage since a doc has signed off on it's value for said patient, while leaving the door open for fullo n legalization for adults.
It'd cover everything needed, and not shut any doors on full legalization like we all know is a MUST.
Which would ofcourse only cover commercial production, and market sales, while obviously givving us all the right to do what we can for ourselves just as has been ruled in the past with both alc. and tobacco for personal rec use.
That's just how I see it though.
I'm sure in time this stuff will all be worked out, most likely via many court orders.
cheers all,.............................................gps
Gram Paw smurf; Aside from the sickest and most vulnerable of us getting financial coverage for what they need said:so in your mind we have lost this "war"
well folks now we know why smurfs are blue
Gram Paw smurf
Member
I'm pretty sure if the "war" was ever lost by the rightous there'd be no more "war" at all seeing as how there'd be no need for it if it had ever been won by any gov. anywhere.
When there's not realy any gov that won't openly admit themselves thier little "war" has already been lost how anyone could misconstrue who's lost it is beyond me, but it's quite obvious at this point imo that governments touting prohibition of any kind and claiming it to be a war are destined to lose said "war".
It's pretty much a self fullfilling prophecy as soon as they admit to it being a war to control what ppl put in thier bodies they may as well imediately admit to losing it in the same breath.
hope that clears up any confusion gsf.
cheers,............................................................gps
When there's not realy any gov that won't openly admit themselves thier little "war" has already been lost how anyone could misconstrue who's lost it is beyond me, but it's quite obvious at this point imo that governments touting prohibition of any kind and claiming it to be a war are destined to lose said "war".
It's pretty much a self fullfilling prophecy as soon as they admit to it being a war to control what ppl put in thier bodies they may as well imediately admit to losing it in the same breath.
hope that clears up any confusion gsf.
cheers,............................................................gps
Gram Paw smurf
Member
Funny thaught though, wondering about the fated end of anywar realy, I wonder if they'd never have even called it a war to start with, would it than be anything they could even lose or have they basicly fated themselves to losing only for the simple fact they made it a win or lose option in the 1st place.
While a failed policy looks bad it doesn't look half as bad as a lost self proclaimed war.
Not sure a failed policy in itself is enough to have forced as much progress as we've seen in the last few years but the failing of such a costly war is definetly good enough reason for all the recent change and than some.
Kind of amusing to think the most gunho in the history of the "war" who first called it such and since proceeded doing so may be the same who fated thier own side to inevitably losing it.
cheers,..........................................................gps
While a failed policy looks bad it doesn't look half as bad as a lost self proclaimed war.
Not sure a failed policy in itself is enough to have forced as much progress as we've seen in the last few years but the failing of such a costly war is definetly good enough reason for all the recent change and than some.
Kind of amusing to think the most gunho in the history of the "war" who first called it such and since proceeded doing so may be the same who fated thier own side to inevitably losing it.
cheers,..........................................................gps
ChilcotinBuddha
Member
War, huh, yeah
What is it good for
Absolutely nothing
Uh-huh
War, huh, yeah
What is it good for
Absolutely nothing
Say it again, y'all
War, huh, good God
What is it good for
Absolutely nothing
Listen to me
Ohhh, war, I despise
Because it means destruction
Of innocent lives
War means tears
To thousands of mothers eyes
When their sons go to fight
And lose their lives
I said, war, huh
Good God, y'all
What is it good for
Absolutely nothing
Say it again
War, whoa, Lord
What is it good for
Absolutely nothing
Listen to me
War, it ain't nothing
But a heartbreaker
War, friend only to the undertaker
Ooooh, war
It's an enemy to all mankind
The point of war blows my mind
War has caused unrest
Within the younger generation
Induction then destruction
Who wants to die
Aaaaah, war-huh
Good God y'all
What is it good for
Absolutely nothing
Say it, say it, say it
War, huh
What is it good for
Absolutely nothing
Listen to me
War, huh, yeah
What is it good for
Absolutely nothing
Uh-huh
War, huh, yeah
What is it good for
Absolutely nothing
Say it again y'all
War, huh, good God
What is it good for
Absolutely nothing
Listen to me
War, it ain't nothing but a heartbreaker
War, it's got one friend
That's the undertaker
Ooooh, war, has shattered
Many a young mans dreams
Made him disabled, bitter and mean
Life is much to short and precious
To spend fighting wars these days
War can't give life
It can only take it away
Ooooh, war, huh
Good God y'all
What is it good for
Absolutely nothing
Say it again
War, whoa, Lord
What is it good for
Absolutely nothing
Listen to me
War, it ain't nothing but a heartbreaker
War, friend only to the undertaker
Peace, love and understanding
Tell me, is there no place for them today
They say we must fight to keep our freedom
But Lord knows there's got to be a better way
Ooooooh, war, huh
Good God y'all
What is it good for
You tell me
Say it, say it, say it, say it
War, huh
Good God y'all
What is it good for
Stand up and shout it
Nothing
Edwin Starr
What is it good for
Absolutely nothing
Uh-huh
War, huh, yeah
What is it good for
Absolutely nothing
Say it again, y'all
War, huh, good God
What is it good for
Absolutely nothing
Listen to me
Ohhh, war, I despise
Because it means destruction
Of innocent lives
War means tears
To thousands of mothers eyes
When their sons go to fight
And lose their lives
I said, war, huh
Good God, y'all
What is it good for
Absolutely nothing
Say it again
War, whoa, Lord
What is it good for
Absolutely nothing
Listen to me
War, it ain't nothing
But a heartbreaker
War, friend only to the undertaker
Ooooh, war
It's an enemy to all mankind
The point of war blows my mind
War has caused unrest
Within the younger generation
Induction then destruction
Who wants to die
Aaaaah, war-huh
Good God y'all
What is it good for
Absolutely nothing
Say it, say it, say it
War, huh
What is it good for
Absolutely nothing
Listen to me
War, huh, yeah
What is it good for
Absolutely nothing
Uh-huh
War, huh, yeah
What is it good for
Absolutely nothing
Say it again y'all
War, huh, good God
What is it good for
Absolutely nothing
Listen to me
War, it ain't nothing but a heartbreaker
War, it's got one friend
That's the undertaker
Ooooh, war, has shattered
Many a young mans dreams
Made him disabled, bitter and mean
Life is much to short and precious
To spend fighting wars these days
War can't give life
It can only take it away
Ooooh, war, huh
Good God y'all
What is it good for
Absolutely nothing
Say it again
War, whoa, Lord
What is it good for
Absolutely nothing
Listen to me
War, it ain't nothing but a heartbreaker
War, friend only to the undertaker
Peace, love and understanding
Tell me, is there no place for them today
They say we must fight to keep our freedom
But Lord knows there's got to be a better way
Ooooooh, war, huh
Good God y'all
What is it good for
You tell me
Say it, say it, say it, say it
War, huh
Good God y'all
What is it good for
Stand up and shout it
Nothing
Edwin Starr
Relax, lol. Peace GS
