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10 Tax Deductions Every Canadian Small Business Owner Should Know

March 1, 2025Updated April 13, 20267 min readDone Right Accounting

Maximize Your Deductions

1. Home Office Expenses

Deduct a portion of rent, utilities, and internet.

2. Vehicle Expenses

Fuel, insurance, and maintenance based on business-use percentage.

3. Professional Development

Courses and certifications related to your business.

4. Business Insurance

Liability and professional insurance premiums.

5. Marketing and Advertising

Website costs, ads, and promotional materials.

6. Office Supplies and Equipment

Computers, software, and office supplies.

7. Meals and Entertainment

50% of costs when directly related to business income.

8. Professional Fees

Fees paid to accountants and bookkeepers.

9. Bank and Interest Charges

Interest on business loans.

10. Bad Debts

Amounts owed that are uncollectable.

Book a consultation with Done Right Accounting.

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This is general information reflecting the rules as of the date shown. Tax rules and amounts change — confirm current figures for your situation before acting. Read our full disclaimer

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