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Top Winter write-offs for Small Business Owners!!

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 celebrate whilst being able to claim the expenses. Claims are 100% for the entire year if the employer sponsors events to all employees.
Note: Limited to six events each year (T4002 Business and Professional income)
http://www.cra-arc.gc.ca/E/pub/tg/t4002/t4002-13e.pdf

Travel: Do you have a dream to go to warmer place this winter? If you are the business owner, you may claim 100% of your travel cost if your trip is for client meetings or attending a seminar/conference related to your business;
Note: 50% may be claimed for meals and entertainment.

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