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Opinion: I Claim My Cannabis - Latest Cannabis News Today

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I personally claim all the weed I buy on my income taxes and have since 2017. In fact, I include every edible, concentrate, and topical as well. On average, I claim about ten grand per year and my returns are over three. Every single purchase I make is for medical use, but not one of them has ever been from a licensed producer- again, I personally only buy my medicine from a gray market compassion club.

Aristotle once said, “The only stable state is the one in which all men are equal before the law.” I believe the, so here are the details and arguments I made. After all, if THEY did it for me, they should do it for you too.

Eligible Medical Expenses 

According to the CRA, medical cannabis can be deducted from your income taxes. This goes for you, your spouse, or children under the age of 18. If you look up information in the 2019 Medical Expenses Tax Guide, you can find details about eligibility. According to the CRA, you can claim the amounts paid for cannabis, cannabis oil, cannabis plant seeds, or cannabis products purchased for medical purposes from a holder of a license for sale (as defined in subsection 264(1) of the Cannabis Regulations).

A holder of a license is simply defined as someone who holds “a license for sale for medical purposes”. This definition is quite loose, to say the least, and that helps make for a battle well won. While the Victoria Cannabis Buyers Club may not have a license from the province of B.C., they have had a few in the past from the City of Victoria, and because of that, I had thought that itself qualified them as a holder of a license for medical cannabis. 

CRA Requirements

Source: https://cannabislifenetwork.com/cannabis-opinion/

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