What Can You Claim as Business Expenses in Canada?

Introduction

One of the best ways to reduce your tax bill is by claiming eligible business expenses.

But what exactly can you claim in Canada?

Common Business Expenses

Here are some of the most common deductible expenses:

• Office supplies
• Software subscriptions
• Internet and phone bills
• Advertising and marketing
• Professional services (accountants, lawyers)

Home Office Expenses

If you work from home, you may be able to claim:

• Portion of rent or mortgage interest
• Utilities
• Home internet

Vehicle Expenses

If you use your vehicle for business:

• Fuel
• Maintenance
• Insurance

You can claim a percentage based on business use.

What You Cannot Claim

• Personal expenses
• Clothing (unless specialized)
• Meals without business purpose

Keep Good Records

You must keep receipts and documentation for all expenses.

How Lunio Helps

Lunio lets you track expenses alongside your income so you always know your true profit.

Final Thoughts

Claiming the right expenses can significantly reduce your taxes.

Stay organized and track everything consistently.