Yes. Tradespeople can deduct on their tax return a percentage of the cost of the tools and equipment they purchase for their employment. The maximum deduction allowed is $500. To qualify for the deduction, your employer must verify that: The tools were required as a condition for your employment The tools were used exclusively for employment-related purposes The tools can’t be electronic communication devices, like a smartphone Your employer must fill out the necessary details on form T2200. If you work as an eligible apprentice mechanic, you can claim a further deduction.