Current Expenses

• Branded items (pens, keychains, calendars etc.)

• Client appreciation events

• Gift baskets for clients or referral partners

• Gift cards given as gifts to clients(non-entertainment)

• Graphic design services for advertising material

• Newspaper or Magazine ads

• Open house supplies for realtors (signage, balloons)

• Photography or videography services for advertising purposes

• Printed marketing materials (flyers, signs, business cards)

• Social media management fees

• Sponsorship of local events or teams

• Trade show booths

• Uniforms

• Vehicle Wraps

• Website development and maintenance

• Writing services for advertising material

Line 8521 – Advertising 

Bad debt is an expense that occurs when a business is unlikely to collect money it is owed. This typically happens when a customer who received goods or services on credit cannot or will not pay their invoice.

• Deduct amounts not paid by clients for services or products, if repayment is deemed unlikely.

• Deduct loans to businesses or partners that won't be repaid.

Line 8590 – Bad debts 

• Courier fees.

• Postage costs.

• Import fees.

• Shipping charges.

• Express delivery expenses.

• Freight costs.

• Specialized delivery charges.

• Tracking fees.

• Handling fees.

Line 9275 – Delivery, freight and express 

• Fuel for generators at remote work sites or during power outages.

• Propane or natural gas for heating business premises or outdoor workspaces.

• Fuel for machinery used in construction, farming, or manufacturing.

• Gas for portable heating units in outdoor or temporary venues.

• Fuel for forklifts or other non-automotive equipment in warehouses.

• Kerosene for lighting in outdoor or emergency situations.

• Biofuel for eco-friendly operations or machinery.

• Fuel for backup power systems ensuring continuous operations.

• Gasoline for lawn mowers or landscaping equipment.

• Diesel for stationary engines driving pumps or generators.

Line 9224 – Fuel costs (except for motor vehicles) 

• Errors and omissions insurance

• Business property insurance

• Additional Liability insurance

 Line 8690 – Insurance 

• Credit card processing fees 

• ATM withdrawal fees for business 

• Business loan interest

• Interest on business only credit card(s)

• Annual credit card dues (business cards)

• Monthly bank charges

• NSF fees

• Cost to purchase cheques

• Foreign transaction fees for business purchases

Line 8710 – Interest and bank charges 

• Virtual assistant services

• Payroll processing

• IT consulting fees

Line 8871 – Management and administration fees 

50% Deductible Meals and entertainment

• Meals with clients or potential leads

• Meals with staff to discuss work

• Tickets to networking events 

• Tickets to events as gifts to clients

• Sporting events with clients

• Concerts or events attended with clients

• Gift cards to restaurants

• 
  

Fully Deductible Meals and entertainment

• Meals provided to employees housed at temporary work camps constructed specifically for meals and accommodation at construction sites.

• Meals stocked on your boat to feed your crew for offshore fishing trips of 36 hours or more, provided they are not taxable benefits.

• Food and beverages for self-employed foot and bicycle couriers and rickshaw drivers due to the nature of their work ($23 daily flat rate).

• Office parties or similar events, if all employees from a particular location are invited (limit of six such events per year).

• Meals for fundraising events mainly benefiting a registered charity.

80% Deductible Meals and entertainment

• Food and beverages consumed by long-haul truck drivers during eligible travel periods 

Line 8523 – Meals and entertainment 

• Cleaning and janitorial services

• Cleaning supplies for the office

• Printing and copying expenses

• Security systems/services

• Software and software subscriptions

• Office furniture (under $500)

• Security systems and services

• Subscription fees for publications ​

• Artwork

• Plants

Line 8810 – Office expenses 

• Pens, pencils, markers

• Paper (printer, copy, specialty)

• Envelopes, mailing supplies

• Filing supplies (folders, boxes, labels)

• Office equipment (staples calculators)

• Tape and tape dispensers.

Office stationery and supplies 

• Accounting advice and services fees

• Appraisal fees for property valuation

• Bookkeeping services

• Business coaching or mentoring fees

• Consulting fees

• Fees for preparing objections or appeals against tax assessments

• Inspection fees for home inspections

• Legal advice and services

• Marketing or advertising consultation fees

• Notary public fees for official document certification

• Patent or trademark registration fees

Line 8860 – Professional fees (includes legal and accounting 

• Co-working space or shared office

• Manufacturing facility or workshop

• Office space in a commercial building

• Retail space

• Storage facility

• Storefront

• Warehouse

Line 8910 – Rent 

• Cleaning or servicing of business equipment

• Repair costs for office or open house property damages

Line 8960 and Line 8963 – Repairs and maintenance 

• Payroll taxes for staff

• Employer premiums for EI and CPP

• Health insurance premiums

Line 9060 – Salaries, wages and benefits (including employer's contributions) 

• Annual fees for real estate licenses

• Board memberships fees

• Membership fees for organizations

• Property taxes on investment properties

• Property taxes on business property

Line 8760 – Business taxes, licences and memberships 

• Airfare or lodging for business trips

• Rental car fees for business travel

• Taxi, bus, or train fares while traveling

• Daycare field trip expenses

 Line 9200 – Travel expenses 

• Gas expenses incurred to earn business income.

• Oil expenses incurred to earn business income.

• Electricity expenses incurred to earn business income.

• Water expenses incurred to earn business income.

• Cable expenses incurred to earn business income.

• Long distance calls made on home telephone for business purposes.

• Basic monthly rate for a separate business telephone line.

• Percentage of air-time expenses for a cellphone used exclusively for business.

• Business-related cellphone expenses, excluding personal use.

Line 9220 – Utilities 

• Course or seminar (business related or mandated that is not at a university or college)

• Disability related modifications to a building, including the installation

• Payment in kind (service/product swap with another person or business)

• Leasing costs (not vehicles or buildings)

• Equipment rental for machinery or tools

• Furniture rental for temporary office setups or events

• Convention expenses (restrictions apply)

• Computer and other equipment leasing costs

• Premiums to a private health services plan (restrictions and limits apply)

• Allowable reserves 

Line 9790 or 9270 – Other expenses