Award tickets have value – there’s the cost of the taxes and fees and the value of the points redeemed. Wouldn’t it be great if you could apply the value of your Aeroplan ticket as a tax deduction? Canadian law, nor the CRA, provides much guidance on this matter. However, a 2010 case at the Tax Court of Canada, Johnson v Canada, provides some guidance on how award redemptions may be used as a deduction on taxes.
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