Part of the appeal of billing for your services is the ability to write off (claim) your business related expenses. Let’s face it, you have most likely heard about it from friends and Professionals alike. However, finding out what may be considered business related expenses and what is not is a bit more complex. Add to that the different metods in which you may be able to claim your expenses and soon enough, you may find yourself in over your head. Again, it may be in your best interest to sit down with a Certified General Accountant.

Below is a link and a list of expenses which are considered Business related.

For a complete list, please click on the supplied CCRA web link.

http://www.cra-rc.gc.ca/tax/business/.../menu-eng.html

Examples of expenses that you may claim.

1) Business Start-Up Cost (Hard Costs and Professional Fee’s)
2) Advertising
3) Fee’s, Licenses, Dues, Memberships
4) Home Office (i.e, you use 100 Square Feet of your 1000 Square Feet home for your business (10%). And your Mortgage/Rent is $1000/month, then you may write off 10% or $100 of your Mortgage/Rent as a business expense).
5) Computers and other Equipment (Cell-Phone, Fax machine, other equipment)
6) Motor Vehicle Expense
7) Meals and Entertainment
8) Office expenses
9) Salary and Wages
10) Communication and Telecom Services
11) Travel related
12) Legal and Accounting