Repairs as Business Expenses - Canadian Tax Quiz

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Canadian Tax Quiz Question 8

Correct!

Yes, the key to determining how much of the cost of the repairs is a business expense is who does the labour.

If you had hired someone to do it, you could deduct the cost as a business expense. You can deduct the cost of labour and materials for any minor repairs or maintenance done to property you use to earn income, but you can't deduct the value of your own labour.

For more information on the rules governing claiming business expenses on your income tax, see the Business Expenses as Tax Deductions Index.

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