Small Business Tax Deductions

What is the Small Business Deduction? Does it apply to your Canadian small business? This Small Business Deduction definition explains.

The Business Limit affects the amount of the Small Business Deduction your Canadian corporation can receive. Here are the details of this small business tax deduction.

Investment Tax Credits cut down on the amount of tax that Canadian corporations or individual business owners have to pay and in some cases, also provide refunds for some expenditures. This article explains what federal Investment Tax Credits are available and outlines how to claim these tax credits.

This Corporate Tax Guide provides details on how to prepare and file corporate income tax, including information on income tax deductions available to some Canadian corporations.

That new computer hardware and related systems software that you bought are a business tax deduction in Canada. But how much of one depends on when you bought it. Here are the Capital Cost Allowance rules for the computer tax deduction.

Canadian employers who hire apprentices are eligible for the Apprentice Tax Credit. Here are the details.

What is SR&ED? This SR&ED definition discusses SRED from a small business point of view, including an explanation of what kinds of projects qualify for the SR&ED tax incentive program.

Canadian businesses can earn Research and Development Tax Credits. This article explains what kinds of work qualify for R&D Tax Credits and outlines how to claim these tax credits.

Canada's SR&ED incentive program is one of the most beneficial R&D incentive programs in the world, and you don't have to have a large business to participate. Gerry Fung explains the filing requirements for a SR&ED claim and how to file a SR&ED claim successfully.

Although Canada's SR&ED incentive program is one of the most beneficial R&D incentive programs in the world, many businesses just aren't aware of its immense benefits. And companies who are aware of the program often dismiss it because they assume that they don't qualify. But qualifying for the SR&ED incentive program may be easier than you think. Gerry Fung explains how to identify SR&ED-eligible projects.

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?

Here's the Canada Revenue Agency's definition of business expenses and some tips about keeping track of your business expense tax deductions.

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

The answer to the question: Do you include the tax you paid on business expenses when claiming business expenses on your Canadian income tax?

The answer to the question: Do you include the GST/HST you paid when claiming Capital Cost Allowance on your Canadian income tax?

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 this business tax deduction and how to apply Capital Cost Allowance, with related resources.

Canadian businesses can earn Child Care Tax Credits for creating child care spaces. This article explains how to earn and claim these Investment Tax Credits.

The SR&ED tax credit program is a great deal for Canadian businesses – and it’s not just for corporations or high-tech businesses. Find out how this Research and Development (R&D) tax incentive might apply to your business.

When it comes to business taxes, ignorance is definitely not bliss; if you’re not aware of the ins and outs of business taxes, and don’t comply fully with the business tax rules, you can end up facing costly penalties. Here are five of the most common business tax myths – and the truth about business tax deductions.

Giving your employees gifts or awards instead of cash bonuses has tax benefits for both employers and employees. Here are the rules for this small business tax deduction.

Investment Tax Credits reduce the amount of income tax that Canadian corporations and individual business owners have to pay. Here's an explanation of how the Investment Tax Credit works and potential tax credits in Canada a business might claim.

This first installment of getting ready for tax time covers keeping track of your receipts, small business tax deductions related to the cost of doing business, and deductions for home-based businesses.

The second installment of small business tax deductions covers vehicle business expenses, travel-related expenses, employing your child or spouse, advertising expenses, and the kind of business expenses that fall into the CRA's 'other' category.

Is business promotion a legitimate business tax deduction? Yes. Here are the details about business promotion and advertising as tax deductions for Canadian small businesses.

Use this handy guide to find the specific business income tax information you need on this site and links to the most useful business guides on the CRA (Canada Revenue Agency) site.

If your business is a sole proprietorship or partnership, the best income tax deduction for your small business is the RRSP. Here's why RRSPs are the best tax deductions and information about RRSP contribution limits.

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 rules for this small business tax deduction.

Eight tax strategies that you may be able to use to reduce the amount of income tax you pay if you operate a small business in Canada.

Canadian businesses can earn Investment Tax Credits by doing designated activities on or with their qualified property. Here are the details.

The Canada Revenue Agency's Bulletin IT-521R defines the classes of motor vehicles and provides detailed information on calculating automobile expenses.

Employers' gifts and awards to employees are now tax-deductible (as of the 2001 tax year). This Canada Revenue Agency page gives all the details.