All Questions
4
questions
2
votes
1
answer
3k
views
CANADA: Can I deduct condo fees in business use-of-home deductions?
Info:
the condo is a townhouse - not in a building.
the condo fees are >$500/month ($6000/year)
there are not many common areas
the condo fees cover items such as ALL exterior maintenance (roof, ...
- 183
3
votes
1
answer
470
views
Does it make sense to pay MSP through a small corporation / business in Canada?
In BC, Canada, one has a monthly medical plan premium (MSP) per adult in a household of at least $75.00 (CAD) per individual per month, and the amount cannot be deducted against one's personal taxes.
...
- 163
2
votes
1
answer
4k
views
Smartphone bought for business use - Canada
I (as my corporation) bought a high-end unlocked smartphone (not under any carrier contract). My question is how this should be reported under Canadian tax rules. Must it be treated as an asset to be ...
- 1,032
5
votes
1
answer
896
views
In Canada, can I deduct my mortgage if running a business from my home?
If I run a home business and a portion of the home is used as an office for the business can I deduct a percentage of the mortgage?
- 6,230