Tags: tax deduction

Home Office Tax Deduction 2018 Canada – All You Need to Know

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Home Office Tax Deduction 2018 Canada – All You Need to Know

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.

Maximizing Tax Deductions for the Self-Employed

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Maximizing Tax Deductions for the Self-Employed

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.