Does grow gear count as medical supplies if you have a MMAR card? - Canada - International Cannagraphic Magazine Forums

VagPuncher · 06-09-2010, 08:22 AM

Can I give my receipts to my accountant?

CareFreeLivin · 06-09-2010, 08:32 AM

https://www.cra-arc.gc.ca/tx/ndvdls/t...llwbl-eng.html

I would. Depending on how creative you want to get much of the equipment could fall under laboratory expenses. Notice the specific mention of air conditioners and filters. Environment control system seems pretty vague, too. Renovations including electrical work could qualify, too. Shit it seems you could write off damn near anything related to a grow.

Edit: after thinking about this for a moment, if I had a med card I would look into the possibility of setting up a business with a grow licence. This way, you could buy your medicine at fair market price from this business, and these values can be used as a deduction under the marijuana medical expense. If you use 5 grams a day simple math would say that your deduction would be worth (assuming a cost of $10 a gram): 5x10x365 = $18,250, annually. This would be a recurring expense that is likely far greater than the cost of equipment. I'm not sure of the precise legalities involved, but this could save you a ton of cash.

Reverend Mojo · 06-09-2010, 04:39 PM

Quote:

Originally Posted by VagPuncher

Can I give my receipts to my accountant?

Yes! At least to discuss if not for any other reason.

dmt · 06-10-2010, 12:53 AM

yes,all your food, seed, clone, baking material, papers, bongs, vaporizer and room build costs, keep em all, id through in electricity too d

06-09-2010, 08:22 AM	#1
VagPuncher Balls Deep!! Join Date: Apr 2009 Location: North End, Baii. Posts: 3,155	Does grow gear count as medical supplies if you have a MMAR card? Can I give my receipts to my accountant?
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06-09-2010, 08:32 AM	#2
CareFreeLivin Member Join Date: Dec 2009 Posts: 187	https://www.cra-arc.gc.ca/tx/ndvdls/t...llwbl-eng.html I would. Depending on how creative you want to get much of the equipment could fall under laboratory expenses. Notice the specific mention of air conditioners and filters. Environment control system seems pretty vague, too. Renovations including electrical work could qualify, too. Shit it seems you could write off damn near anything related to a grow. Edit: after thinking about this for a moment, if I had a med card I would look into the possibility of setting up a business with a grow licence. This way, you could buy your medicine at fair market price from this business, and these values can be used as a deduction under the marijuana medical expense. If you use 5 grams a day simple math would say that your deduction would be worth (assuming a cost of $10 a gram): 5x10x365 = $18,250, annually. This would be a recurring expense that is likely far greater than the cost of equipment. I'm not sure of the precise legalities involved, but this could save you a ton of cash.
	Quote

06-10-2010, 12:53 AM	#4
dmt Banned Join Date: Sep 2009 Location: 4th and fifth dimension Posts: 1,539	yes,all your food, seed, clone, baking material, papers, bongs, vaporizer and room build costs, keep em all, id through in electricity too d
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