Why should you do business in Canada?

Business Tax Deductions & Business Expenses

You can deduct any reasonable current expense you paid or will have to pay to earn business income. 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. List of Common Business Expenses Listed below:

• Advertising expenses 
• Allowance on eligible capital property 
• Bad debts 
• Business start-up costs 
• Business taxes, fees, licences, dues, memberships, and subscriptions 
• Business-use-of-home expenses 
• Capital cost allowance 
• Computer and other equipment leasing costs 
• Convention 
• Current or capital expenses 
• Delivery, freight, and express 
• Fuel costs 
• Insurance 
• Interest 
• Leasing costs 
• Legal, accounting, and other fees 
• Maintenance and repairs  
• Management and administration fees 
• Meals and entertainment 
• Motor vehicle expenses (automobile) 
• Office expenses 
• Other expenses 
• Prepaid expenses 
• Property taxes 
• Rent 
• Salaries, wages, and benefits 
• Supplies 
• Telephone and utilities 
• Travel