tax deductable - RCCanada - Canada Radio Controlled Hobby Forum
RCCanada - Canada's Radio Control Hobby Forum
General RC Aircraft Discussion Discuss anything RC related

Closed Thread
Thread Tools Display Modes
Old 03-25-2007, 11:49 AM   #1
gerry clace
RCC Junior Contributor
I am: gerry c.
Join Date: Aug 2003
Location: Sioux Lookout Ontario

Feedback: 2 / 100%
Posts: 112
Total Props: 1
tax deductable

       Remove this ad - become a site supporter!
Greetings from the noth west of Ontario. We have managed to get in some flights on skiis, and wheels from an improvised strip on the lake in the past week or two,lots of fun,but my question is this... having had to make some new purchases,a nickel here, a dime there ,I was wondering if anyone out there has figured out how to claim this sport on their income tax form,as a deduction of course, or is there some other way to get big brother government to reimburse us for keeping the economy going around. Thre must be way!!! Maybe we could claim our models as children and get the child tax credit,or maybe some one has something going that they could share with the rest of us. I hate the thought of a second job,and the wife said she is not contributing,and not interested in flying, so what's a guy to do??anybody got any legal, or not quite so legal ideas, all in fun of course. Have a great day..It's raining here toady..oh well another day of sanding,and glue. Gerry
gerry clace is offline   Quick reply to this message.

Sponsored Links - Subscribe to remove this ad.
Old 03-25-2007, 12:46 PM   #2
wise guy
RCC Junior Contributor
Join Date: Dec 2003
Location: lasalle ont

Feedback: 0 / 0%
Posts: 152
Total Props: 0
Let me know

Please let me know if it legal after 36 years in the hobby it would be nice to collect for all those expensive dependents . We may have to suck up the cost for all the fun we had blowing our money on this hobby. Be very carefull with the Goverment they may put a tax on fun.
Wise Guy
Sun Parlor R/C club
Windsor Ont
wise guy is offline   Quick reply to this message.
Old 03-25-2007, 01:11 PM   #3
michel gravelle
RCC Supreme Contributor
michel gravelle's Avatar
I am: Michel G
Join Date: Apr 2006
Location: Saint-Jerome Quebec Canada

Feedback: 2 / 100%
Posts: 3,120
Total Props: 8

Oh , Ya , Right

If only

michel gravelle is offline   Quick reply to this message.
Old 03-25-2007, 01:29 PM   #4
gerry clace
RCC Junior Contributor
I am: gerry c.
Join Date: Aug 2003
Location: Sioux Lookout Ontario

Feedback: 2 / 100%
Posts: 112
Total Props: 1

I am waiting for them to require a plate for my lawn mower,and a permit to pick wild mushrooms and blueberrires, they already make us buy fuelwood permits to take wood that has had the stumpage fee paid to the crown. It would not surprise me if they put a Kyoto tax on the glow fuel. Getting to be no fun having fun
gerry clace is offline   Quick reply to this message.
Old 03-25-2007, 01:32 PM   #5
Dave Holmes
RCC Supreme Contributor
Dave Holmes's Avatar
I am: Dave Holmes
Join Date: Mar 2004
Location: Prince Edward County, Ontario (no longer Brampton!)
Radio of choice:
Futaba 72 Mhz
# of RCs: 30+

Feedback: 4 / 100%
Posts: 4,209
Total Props: 10
Let's face it, they are taxing the air we breath by putting GST on live plants, so why shouldn't they make us get a permit to purchase/own/transport/use glow fuel.
Dave Holmes

The older I get, the better I used to be!
Dave Holmes is offline   Quick reply to this message.
Old 03-25-2007, 01:36 PM   #6
RCC Junior Contributor
Frequentcrasher's Avatar
I am: Jeff M
Join Date: Dec 2002
Location: Saskatoon, SK

Feedback: 0 / 0%
Posts: 245
Total Props: 0
Tax Claim

Could you set up an aerial photography business and claim all hobby related expenses through it? For years here on the prairie, it's been custom to have an aerial picture of your farm on the wall. Worth a shot, anyway!!
Unknown airport with Cessna 150 circling overhead, identify yourself."
Frequentcrasher is offline   Quick reply to this message.
Old 03-25-2007, 05:20 PM   #7
RCC Contributor
Join Date: Sep 2006
Location: Canada

Feedback: 0 / 0%
Posts: 306
Total Props: 0
I wonder if I could randomly take items off my shelves, stick them in my own models and claim it's "product testing". Surely I could claim that on my GST!
True Northern Hobbies, Inc.
Credence is offline   Quick reply to this message.
Old 03-26-2007, 01:52 PM   #8
RCC Apprentice
Join Date: Nov 2002
Location: New Hamburg, ON

Feedback: 0 / 0%
Posts: 78
Total Props: 0

As long as you are conducting a business and you expect a "reasonable expectation of profit" you can deduct the planes as expenses if they are needed for your business. The example of having an aerial photography business is a good one as you need the airplanes, the fuel, cameras etc to conduct business, therefore it would be a legitmate expense.

My $0.02 for what it's worth....(my hobby...errr I mean my career is a Certified Financial Planner)
John Jordan
New Hamburg RC Club
"Keep your nose up!"
jjordan is offline   Quick reply to this message.
Old 03-28-2007, 09:15 PM   #9
Flyin High
RCC Senior Contributor
Flyin High's Avatar
I am: Bob S
Join Date: May 2004
Location: Beeton, Ontario

Feedback: 2 / 100%
Posts: 556
Total Props: 0
When you crash... isn't that considered "Lost Income"??? I can write off stock market losses.... why not a crashed plane???
Flyin High is offline   Quick reply to this message.
Old 03-29-2007, 09:27 AM   #10
RCC Senior Contributor
tommy321's Avatar
I am: God's Gift to Planes
Join Date: Aug 2006
Location: Ottawa
Radio of choice:
Anything 72MHz
# of RCs: 999

Feedback: 0 / 0%
Posts: 554
Total Props: 1
I wanna be a professional RC pilot when I "grow up".

So all these models along the way are just education expense. No different than my university tuition.

Simple as that. All we need is for Great Hobbies to start issuing T2022A forms.

tommy321 is offline   Quick reply to this message.
Closed Thread

Quick Reply

Register Now

In order to be able to post messages on the RCCanada - Canada Radio Controlled Hobby Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

Member names may only be composed of alpha-numeric characters. (A-Z and 0-9)

!!ATTENTION ADVERTISERS!! If you intend on advertising anything on this forum, whatsoever, you are required to first contact us here . Additionally, we do NOT allow BUSINESS NAMES unless you are an Authorized Vendor. If you own a business, and want to do sales on this site via posting or private message, you will need to follow the rules. Shops, Stores, Distributors, Group Buys without being authorized will see your account terminated.
User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:
Your Name
Your first name and last initial is required if you plan on using the forum.
Which city & province you live in. This is mandatory for classified listings.
Radio of choice?
Which radio is your current favorite to use?
Number of RC Vehicles?
How many boats, cars, planes do you own?


Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
vBulletin Message

Thread Tools
Display Modes

Forum Jump

All times are GMT -5. The time now is 06:32 PM.

vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2016 DragonByte Technologies Ltd.