• Common business expenses

    The expenses you can deduct include any GST/HST you incur on these expenses less the amount of any input tax credit claimed.You cannot deduct personal expenses, deduct only the business part of expenses from business income.

    List of expenses
    •Advertising (Line 8521)
    •Allowance on eligible capital property (Line 9935)
    •Bad debts (Line 8590)
    •Business start-up costs
    •Business tax, fees, licences, dues, memberships, and subscriptions (Line 8760)
    •Business-use-of-home expenses (Line 9945)
    •Capital cost allowance (Line 9936)
    •Current or capital expenses
    •Delivery, freight, and express (Line 9275)
    •Fuel costs (except for motor vehicles) (Line 9224)
    •Insurance (Line 8690)
    •Interest (Line 8710)
    •Legal, accounting, and other professional fees (Line 8860)
    •Maintenance and repairs (Line 8960)
    •Management and administration fees (Line 8871)
    •Meals and entertainment (allowable part only) (Line 8523)
    •Motor vehicle expenses
    •Office expenses (Line 8810)
    •Prepaid expenses
    •Property taxes (Line 9180)
    •Rent (Line 8910)
    •Salaries, wages, and benefits (including employer’s contributions) (Line 9060)
    •Supplies (Line 8811)
    •Telephone and utilities (Line 9220)
    •Travel (Line 9200)
    •Other expenses (Line 9270)

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