Phone plan
Business use is the starting point for allocating a shared phone plan.
◐ Partly deductibleHome internet
A shared internet bill needs a business-use allocation.
? Depends on the circumstancesHome office
Workspace eligibility and allocation depend on how the space is used.
◐ Partly deductibleVehicle expenses
Use actual eligible vehicle expenses allocated by business kilometres.
× Generally not a business deductionFlat per-kilometre deduction
Do not substitute an employee allowance rate for self-employed vehicle-expense calculations.
× Generally not a business deductionCommuting
Treat ordinary home-to-work commuting as personal travel.
✓ Generally deductibleBusiness parking
Parking connected to a business visit may qualify.
× Generally not a business deductionTraffic and parking fines
A fine is different from paying for a parking service.
◐ Partly deductibleClient meals and entertainment
Business meals can be subject to limits and exceptions.
× Generally not a business deductionEveryday personal meals
An ordinary personal lunch is different from a qualifying business meal.
× Generally not a business deductionEveryday clothing
Ordinary clothing is treated as personal.
? Depends on the circumstancesUniforms and protective gear
Business-specific uniforms and protective equipment need their own supporting context.
× Generally not a business deductionGym membership
A personal gym membership is not treated as an ordinary business expense.
? Depends on the circumstancesComputers, cameras and equipment
Equipment may need capital-cost treatment rather than an immediate expense.
✓ Generally deductibleSoftware subscriptions
A subscription used to earn business income may qualify.
✓ Generally deductibleAdvertising and promotion
Advertising must relate to the business and can have specific restrictions.
✓ Generally deductibleAccounting and legal fees
The purpose of professional advice determines its treatment.
✓ Generally deductibleBusiness insurance
Business insurance depends on what is insured.
? Depends on the circumstancesTraining courses
Training treatment depends on the course and its relationship to the existing business.
✓ Generally deductibleOffice supplies
Consumable business supplies may qualify as expenses.
✓ Generally deductiblePlatform fees
Fees charged by a business platform may qualify.
✓ Generally deductibleBusiness bank fees
Bank fees need a business connection.
? Depends on the circumstancesWages paid to family
Payments to family need evidence of actual work and reasonable compensation.
↗ Review elsewhere on the returnChildcare
Childcare is not treated as a T2125 business expense.
↗ Review elsewhere on the returnRRSP contributions
RRSP contributions are handled separately from business expenses.
↗ Review elsewhere on the returnCPP contributions
CPP contributions have separate personal-return treatment.
× Generally not a business deductionPet expenses
Ordinary household pet costs are personal.
✓ Generally deductibleBusiness travel
Travel must have a business purpose and supporting records.
? Depends on the circumstancesClient gifts
Gift treatment depends on the item and its purpose.
× Generally not a business deductionPersonal income tax
Personal income-tax payments are not treated as ordinary business expenses.
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