💰 Claim Every Dollar: Top Tax Deductions in Canada
At PJ Insure Tax & Accounting, we make sure our clients never leave money on the table. Whether you’re self-employed, a small business owner, or an employee, here are some common deductions that can help you reduce your tax bill and increase your refund:
🏠 Home Office Expenses
If you work from home, you may be able to deduct a portion of:
- Rent or mortgage interest
- Utilities (hydro, water, gas)
- Internet and phone
- Property taxes
- Office furniture and maintenance
🚗 Vehicle & Travel Expenses
Using your car for business? You may claim:
- Fuel, insurance, repairs
- Lease payments or depreciation
- Business-related parking and tolls
*Keep a mileage log to support your claim.*
📣 Advertising & Promotion
Promoting your business? Deduct:
- Website development
- Online ads (Google, Facebook, Instagram)
- Business cards, flyers, and branding costs
💼 Office & Business Supplies
Expenses for daily operations:
- Printer ink, paper, stationery
- Computers and software (e.g. QuickBooks)
- Delivery, postage, and courier costs
🍽️ Meals & Entertainment (50%)
Claim eligible meals with clients or for business purposes. Save your receipts and note the business reason.
📚 Professional Development
Courses, webinars, and certifications related to your job or business may be tax-deductible.
💳 Bank Charges & Professional Fees
- Business loan or credit card interest
- Monthly bank fees
- Accountant, lawyer, or consultant costs
👩💼 Employment Expenses (T2200 Required)
If you’re an employee paying work-related costs, you may deduct:
- Home office setup
- Cell phone used for work
- Vehicle expenses
👨👩👧👦 Personal Deductions
- RRSP Contributions
- Childcare expenses
- Medical & dental costs
- Tuition & education amounts
- Charitable donations
- Disability tax credit
- Moving expenses (over 40km for work or school)
📞 Need help figuring out what you can claim?
We offer personalized tax planning to help you MAXIMIZE YOUR REFUND. Book a free consultation today.