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P
paul3811
June 9, 2021
Question

What can I write off as a business expense for my online business?

  • June 9, 2021
  • 1 reply
  • 0 views
No text available

1 reply

D
dariak
June 11, 2021

Thank you for choosing TurboTax. As per CRA, any money spent running your business is considered a business expense, and you can claim it on your tax return as a deduction.

Business expenses include, but are not limited to:

  • Advertising fees
  • Start-up costs (including interest and fees on money borrowed for your business)
  • Delivery or shipping costs
  • Legal, accounting, and similar professional fees
  • Office supplies
  • Telephone, Mobile phone, and Internet (were used for business)
  • Utility costs
  • TurboTax

More details here from the CRA.

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