Tax Tips for Travel Nurses in Canada
Common Tax Deductions for Travel Nurses: Travel nurses may qualify for various deductions to reduce taxable income. These deductions depend on your employment status:
For Self-Employed Nurses
- Home Office Expenses: If you work from home for administrative purposes, you can claim a portion of your rent, utilities, and internet.
- Vehicle Expenses: Mileage, gas, maintenance, and insurance used for work-related travel.
- Insurance Premiums: Professional liability insurance can be deductible.
- Other Business Costs: Advertising, accounting fees, and legal expenses.
- Consider a Tax Professional
Due to the complexities of travel nurse taxes, consulting a tax professional with expertise in healthcare or mobile workers is highly recommended.