Landing Page Forums Personal and Business Tax Matters Small Business Tax What business expenses can a Canadian business claim on income tax? Reply To: What business expenses can a Canadian business claim on income tax?

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Robert
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Generally, all expenses incurred for the purposes of earning business income are deductible for tax purposes. However, the amounts paid must be reasonable and must not include those paid for capital property. Some examples are: Advertising, Marketing, Courier fees, Postage, Office Supplies, Office Rent, Utilities, Property Taxes, Telephone Expenses, Wages, Cost of the goods sold, Repairs, Maintenance, Transportation costs, Parking, Bank Charges, Interest paid on business loans, and many other expenses.