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Nt Expenses. Include a copy of this form with your return. Expenses Accounting and legal fees 8862 Advertising and promotion 1 8520 + 9281 + 50% 8523 + 9200 + Allowable motor vehicle expenses (from line 30 below) Food, beverages, and entertainment expenses Lodging 2 3 4 5 Parking Office supplies (postage, stationery, ink cartridge, etc.) Other expenses (employment use of a cell phone, long distance calls for employment purposes, etc.) Specify: (maximum $500) Tradesperson's tools exp.
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ZEVs FAQ
You can't deduct a police background check or work clothes (uniforms etc.) required for your job. However, if you had employment income during the year you can claim the Canada Employment Amount, which could help you offset some of the cost.
You cannot deduct the cost of travel to and from work, or other expenses, such as most tools and clothing. These expenses are personal.
Common self-employed tax deductions in Canada Operating expenses. ... Home office deductions. ... Meal and entertainment expenses. ... Travel expenses. ... Vehicle expenses. ... Advertising and marketing expenses. ... Website and software expenses. ... Bad debts.
The form T777, Statement of Employment Expenses, is meant for certain commission employees, certain salaried employees, and some truck drivers.
Advertising. ... Allowance on eligible capital property. Bad debts. ... Business start-up costs. ... Business tax, fees, licences and dues. ... Delivery, freight and express. ... Fuel costs (except for motor vehicles) ... Insurance.
Report your gross and net income (or loss) from self-employment income on lines 13499 to 14300 of your return. If you have a loss, show it in brackets.
The Canada Employment Credit is a non-refundable tax credit equal to 15% of the lesser of $1,36836 or the employee's employment income. Amount for 2023, indexed annually.
Clothing that promotes your business is deductible as a promotional expense. This includes the cost of the clothing itself, and the cost of adding your business logo to the item. You can claim this promotional cost as a miscellaneous deduction on your tax return.
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