Being a DG for a living and paying taxes.

[itsmehigh]

Ah crap, this is an old thread. Never mind.

Itsme.

 

[redi jedi]

H&R Block wouldn't let me claim my MMJ from an LP this year.

Thats because you went to H&R Block...those fuckers dont know shit.

I was a DG for 5 years, payed my taxes and claimed expenses. Firstly you need to find patients to "designate" you as their grower, then you become exempt from cannabis laws. Not sure how your going to go about that now that there is no official MMAR to give you an exemption. You need to set up a business account to track money's coming in and money going out. This will keep track of your income, for tax purposes. You would be opperating as an "independent contractor/consultant" and on your income tax form you claim your income as "other money's earned", I was paying 4k on every 20k, it went mostly to CCP. Technically you are being payed for a service and not the final product. You need to devise a payment plan that reflects your time and not the product, for you can't actually sell the cannabis.

Hope that helps, lemme know if you have any questions.

Itsme

Old thread I felt like digging up...thx for the advice though.

 

[doingdishes]

H&R Block wouldn't let me claim my MMJ from an LP this year.

challenge that! HC no longer supplies so they have to change the tax laws. i had that argument with CRA but since i don't buy from a LP, i can't do that.
appeal the CRA decision or ask the H&R Block guy why he won't allow it. where else can you get it from as you aren't MMAR. the tax act states "Medical marijuana or marijuana seeds – the amount paid to Health Canada or a designated producer for a person authorized to possess or use the drug for medical purposes under the Marihuana Medical Access Regulations or exempt under section 56 of the Controlled Drugs and Substances Act."
hey wait, that's the amount paid to your designated producer...i would go back with that in hand and make him look it up for himself.

 

[nsbudca]

challenge that! HC no longer supplies so they have to change the tax laws. i had that argument with CRA but since i don't buy from a LP, i can't do that.
appeal the CRA decision or ask the H&R Block guy why he won't allow it. where else can you get it from as you aren't MMAR. the tax act states "Medical marijuana or marijuana seeds – the amount paid to Health Canada or a designated producer for a person authorized to possess or use the drug for medical purposes under the Marihuana Medical Access Regulations or exempt under section 56 of the Controlled Drugs and Substances Act."
hey wait, that's the amount paid to your designated producer...i would go back with that in hand and make him look it up for himself.

The chick asked the manager , he said they've done it twice in the past and both clients got audited.

 

[doingdishes]

The chick asked the manager , he said they've done it twice in the past and both clients got audited.

take the audit or go to someone at CRA. i don't know how much you might get as a refund so it might not be worth your time. i would do it anyway just to throw a wrench in their system. if they audit you, you have your receipts so let them audit is my thought

 

[nsbudca]

take the audit or go to someone at CRA. i don't know how much you might get as a refund so it might not be worth your time. i would do it anyway just to throw a wrench in their system. if they audit you, you have your receipts so let them audit is my thought

I'll probably try again this tax year and see what I can manage. I should technically still be able to claim the ones that they wouldn't let me this year. I'm pretty sure you are supposed to get all of it back

 

[doingdishes]

I'll probably try again this tax year and see what I can manage. I should technically still be able to claim the ones that they wouldn't let me this year. I'm pretty sure you are supposed to get all of it back

exactly. call CRA and get their view 800 959 8281
tell them that HC hasn't supplied since April 2014 so what should you do now? if you don't like the answer-which i wouldn't, make a service complaint.