Did You Know...

  • ...that you can only claim 50% of the meals GST as a GST input credit?
  • ...meal gift certificates are subject to the 50% meal rule?
  • ...that any equipment over $500.00 is an asset and can not be expensed but must be onto the balance sheet?
  • ...that if you move for a new job you can claim the moving expenses on your personal taxes?
  • ...there is a way to claim your medical and dental expenses through your business – even if you are a sole proprietor?
  • ...golf is not a claimable expense?
  • ...income affects claw backs, such as GST, old age security, the age credit, child tax benefit and certain provincial incentives?
  • ...about the children's fitness tax credit?
  • ...about the public transit passes tax credit?
  • ...interest paid on qualifying student loans is eligible for a tax credit?
  • ...the federal government will pay $100.00 a month for each child under 6 years old (this program is called the "Universal Child Care Benefit")?
  • ...adults can deposit up to $5,000.00 into a Tax Free Savings Account (TFSA) per calendar year? And that the interest earned is Tax Free
Calgary Bookkeeping

Allowable Business Expenses PDF File

Find information about small business tax deductions to help you track your business expenses and maximize your business tax deductions.

Tax Organizer PDF File

Use this Tax Organizer as a checklist and enclose all slips, receipts, notes and other information considered necessary for tax purposes.