Home Business Taxes

One of the advantages of running a home based business is that there are additional income tax deductions that you can claim. How many of these home based business deductions apply to your Canadian home based business?

A list of common business expenses for Canadian businesses with links to details about using particular business expenses as tax deductions.

There are tax deductions specific to home-based businesses. This outline of Canadian home-based business tax deductions includes how to calculate the business-use-of-home tax deduction.

An explanation of home business tax deductions that home business owners should be aware of, including the CCRA's definition of a home business.

Splitting your income by hiring your spouse or children as employees can lower your tax bracket and give you significant tax savings - as long as you stick to the basic rules for this home business tax deduction.

How does having a home-based business affect your income tax? This outline of tax deductions specific to home-based businesses explains.