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What expenses can I deduct as a business owner or self-employed individual in Canada ?

The expenses you might incur to earn income from your activities. Incur means you paid or will pay the expense. The amount you can deduct in a given year for any expense depends if it is considered a current year expense or capital expense.

You can find more information about business expenses on the CRA website: Business expenses - Canada.ca (opens in a new tab)

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