Shopping: The best time to buy assets/expenses for business owners is close to year end, and claim expenses/depreciation for the whole year such as: printer, laptop, desk, furniture. Events: Annual business events, such as Christmas parties or similar, are good opportunities to celebr

There are many deductions business owners should be on top of, ranging from accounting and legal fees to home-based business writeoffs and vehicle expenses. Don’t forget capital asset deductions. Assets belonging to the business, such as computers, automobiles and furniture, may

Only contributions made to a charity registered in Canada can be used as a tax deduction.You must have a receipt with the charities registration number printed on it. There are special rules for contributions to charities outside of Canada.