Motor Vehicle Tax Deductions for Businesses
Motor vehicle tax deduction for business purposes can be claimed to minimize the taxes. However, there are certain conditions imposed by the CRA to claim these automobile expenses. In this…
tax planning
Meals and Entertainment Cost 100% Dedcution
Usually deduction of meals and beverages cost is limited to 50%. This general rules also applies to the cost of meals and entertainment for employees. However there are few exceptions…
Home office expense against employment income
Some employees are allowed to deduct home office expenses on their tax returns if employers allowed and complete T2200 form, declaration of condition of employment expenses. You can include a…