Weekly Topic

Items that may be claimed against business and professional Income are as follows:

•    Accounting and legal fees

•    Advertising

•    Business tax, fees, licenses, dues

•    Insurance

•    Interest, bank charges

•    Maintenance and repairs

•    Meals and entertainment

•    Motor vehicle expenses

•    Salaries (including employer's contributions)

•    Bad debts

•    Capital Cost Allowance (CCA)

•    Allowance on eligible capital property

•    Convention

•    Office supplies

•    Traveling

•    Business use of home