Self-employment Expenses
If you are a self-employed person, you may be eligible to claim following expenses.
General Expenses:
-
-
- Advertising
- Meals and entertainment
- Insurance
- Interest and bank charges.
- Business taxes, licences and memberships
- Office expenses
- Office stationery and supplies
- Professional fees (includes legal and accounting fees)
- Management and administration fees
- Rent
- Repairs and maintenance
- Salaries, wages and benefits (including employer’s contributions)
- Property taxes
- Travel expenses
- Utilities
-
Vehicle Expenses:
-
-
- Fuel expenses
- Repair and maintenance expenses
- License and registration
- Insurance
- Lease payments – Need bill of sale and lease payment schedule
- Interest paid on loan – Need bill of sale, loan agreement and loan payment schedule
- Total kilometres drove in the year
- Total kilometres drove for business purpose
-
Home Office Expenses:
-
-
- Total square feet of the house
- Total square feet used for office activities
- Amount of utilities – Heat, Hydro etc.
- Mortgage interest
- Property tax
- Insurance
- Repair and maintenance
-
For more information, please Click Here.
