Owning your own small business is not only a passionate journey to realize your potential, but it is also a tax savvy one. Starting your own business also means that you will be paying less to our tax man ie CRA.
As a small business owner, you should be aware of all the tax write offs available to you:

• Home Office Expenses – Utilities, mortgage interest, repairs, home insurance etc.
• Vehicle Expenses – See list below

• • Capital cost allowance (if you own)
  • Gas
  • Insurance
  • Lease payments (if you lease)
  • Parking
  • Repairs & maintenance
  • 407 charges
  • Vehicle registration fees

• Capital Assets:
  CCA (capital cost allowance) is a big tax write-off for small businesses.
• Business Expenses such as the following:

• • Advertising
  • Legal, accounting and professional fees
  • Bad debts
  • Materials & Equipment
  • Meals & entertainments (50% only)
  • Rent
  • Salary and wages
  • Sub-contractors
  • Supplies
  • Telephone
  • Courier and postage charges
  • Membership fees, licences
  • Interest on loans

Call 416 824 6950 or email info@saaccountingsolutions.com for your one hour free consultation.