Deductible Business Expenses
Deductible Business Expenses
Embedded Files
If you're self-employed, you can likely deduct many of the costs associated with running your business. This can help lower your taxes! We've created this helpful guide to make it easier, organizing expenses the same way you'll find them on your tax form (the T2125). It's a great starting point, but remember, it's always a good idea to double-check with the Canada Revenue Agency (CRA) for the latest rules and specific situations.
Click on one of the three business categories below to explore potential tax deductions:
Click on one of the three business categories below to explore potential tax deductions:
These are your everyday operating costs, the usual expenses that most businesses tend to have.
These are the direct costs of creating or purchasing what you sell. These expenses are deducted when you sell your product(s).
These are bigger investments in your business like equipment, buildings, or vehicles. These are deducted over time, not all at once.
Report abuse