If you work out of your home to earn income, CRA lets you deduct certain expenses for using part of your home as an office, depending on how your business is set up. The expenses you can deduct fall into 2 categories:
Tags: tax deduction
If you use a home office to earn income, you may be able to deduct some of your expenses on your income tax return. Your homework space deduction depends on your work situation, and whether you are self-employed or an employee.
Read on for more information about tax deductions for taxpayers who work from home.
If you used a vehicle for business purposes last year, you might be eligible to claim allowable motor vehicle expenses on your CRA tax return. Keep reading to find out what you need to know about how to calculate business mileage in 2018.
Are you a self-employed person in Canada? If you are, then you’ll have to figure out your taxes. But there’s good news – Canada offers a number of self-employment tax deductions, no matter what type of activity your self-employment involves.
Whether it’s a side gig baking cakes to earn extra cash or working full-time as a freelancer, if you make money from your business activities, you could be eligible for these tax deductions, too. And if you find enough deductions, you may even receive a refund.
Read on to learn more.