In most cases, yes. CRA cares whether the expense was for the business and whether you can prove it, not which card paid for it. What changes is the bookkeeping, because the books have to show that yo...

Sometimes, yes. Lost receipts happen to careful people, and a missing one isn't automatically a tax problem. It does put the job of proving the expense on you, and the GST/HST credit is usually harder...

Not every business vehicle is written off the same way for tax purposes. How much you can deduct depends on how much of your driving is for business, what the vehicle costs to run, and which tax class...

Getting rid of a business vehicle can trigger a tax calculation most owners don't realize exists until they're preparing the tax return. What happens to the CCA (Capital Cost Allowance — the tax...

Not every business vehicle is written off the same way for tax purposes. How much you can deduct depends on how much of your driving is for business, what the vehicle costs to run, and which tax class...

Handing an employee or owner-manager the keys to a company vehicle isn't a tax-free perk, even if it feels like one. CRA's automobile taxable-benefit rules generally have two separate pieces: a sta...

Written by a Canadian bookkeeper with about 30 years of business and accounting experience and QBO Advanced Certification.

Every claimed deduction rests on the same underlying test, whether it's an ob...

Written by a Canadian bookkeeper with about 30 years of business and accounting experience and QBO Advanced Certification.

Courses, certifications, conferences, and industry memberships are common e...