You cannot deduct expenses for advertising directed mainly to a Canadian market when you advertise with a foreign broadcaster.
The daily flat rate that can be claimed is 17.50.
You cannot deduct club membership dues (including initiation fees) if the main purpose of the club is dining, recreation, or sporting activities.Similarly, subtract any other rebate, grant, or assistance from the expense to which it applies. .For more information, go to Motor vehicle expenses.In general, you can deduct any reasonable current expense you paid or will have to pay to earn business income.You can only claim allowable expenses for the business costs.The limit is six such events per year; You incur meal and entertainment expenses for a fund-raising event that was mainly for the benefit of a registered charity.Meals and entertainment, entertainment expenses include tickets to an entertainment or sporting event, gratuities, cover charges, and room rentals such as for hospitality suites.If you pay cash, have the child sign a receipt.These include: office costs, eg stationery or phone bills travel costs, eg fuel, parking, train or bus fares clothing expenses, eg uniforms staff costs, eg salaries or subcontractor costs things you buy to sell on, eg stock or raw materials financial costs, eg insurance.Current or capital expenses and, basic information about Capital Cost Allowance.Instead of cash, you can pay your child with a product from your business.For more information, see.Fees, penalties, or bonuses paid for a loan You can deduct the fee you pay to reduce the interest rate on your loan.Instead, add these fees to the cost of the property.If you use something for both business and personal reasons.Where a taxpayer proposes to undertake a business and makes some initial expenditures with that purpose in mind, it is necessary to establish whether the expenditure preceded the start of the business or whether the business had in fact begun and there were expenses incurred.Interest charges You can deduct interest incurred on money borrowed for business purposes or to acquire property for business purposes.Council Tax mortgage interest or rent internet and telephone use Youll need to find a reasonable method of dividing your costs, eg by the number of rooms you use for business or the amount of time you spend working from home.
By using this flat rate deduction, you will not be required to maintain or submit receipts for the extra meal and beverage consumed.
When you pay your spouse or common-law partner a salary, use the same rules that apply to paying your child.