Claiming Academic Regalia as a Professional Expense

Friday, October 16, 2015

As of this claim year (2015-16), faculty may now include the cost of academic regalia on their professional expense allowance claims, assuming that it was purchased from this fiscal year on. However, the University warns that if Canada Revenue Agency doesn't agree with its position and decides that this is a taxable benefit, members will be personally responsible for any taxes/interest owing as a result.

Please visit the FAUW Blog entry on this topic for more information.