Title | : | Top 10 Tax Write-Offs for Small Businesses in Canada - Tax Deductions Explained |
Lasting | : | 16.58 |
Date of publication | : | |
Views | : | 18 rb |
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I love the Seinfeld example!! Schitts Creek did a bit on tax write-off's that was supper funny too Comment from : DCARA06 |
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cute and smart, deadly combination Comment from : Umar Tariq |
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Hey Jessica, great video I am in the process of shopping for a bank for my business What banks do you recommend for lowest fees? What is your take on online banks like Tangerine with no business monthly fees? Comment from : Mike Guo |
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Thank you Jessica If I am going to source products from the United State to resell them in Canada, do I need a business number (or import liscence)to do that? Comment from : CT |
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SO I bought a laptop for starting my business ( software Development Incorporation ) in 2022 but i registered my incorporation in 2023 Can i used it in write off ? Comment from : Tech DEX |
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Good information, thank you Comment from : VerrilloTrading |
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Is being a contractor on Instacart or DoorDash considered a small business or do they fall under different laws? Comment from : Tawnya Foster |
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Nice and helpful presentation Thank you Comment from : Diana Bonilla |
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Hey Jessica! New fan here Thanks for the great info Comment from : Getting It Done North Of 7 |
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Hi Jessica, thanks for sharing this knowledge My partner and I are self-employed that work from home Do you know if we can both deduct (tax write-off) things like rent, internet, electricity, etc? Thank you Comment from : Hugo Mora |
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This was very helpful Great video Comment from : Buck Taylor |
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Thank you for sharing, I started my corporation almost a year ago and now I am learning what I need to have in order, this helps tons Comment from : cactusmilo918 |
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How do you find the percentage you can write off for business use of home expenses? Comment from : Eric |
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Does reinvestwealth work for replacing QuickBooks? QB is getting expensive for myself as a small business Comment from : Neil Howlett |
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Are these processing fees so bad?? Comment from : Edward’s Family Workshop |
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Wait so can you write all these offs if you are a sole proprietor or corporate? Comment from : TERENCEWILD |
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Question about website and hosting Can I get that going before I have a business? Comment from : Michele Fisher |
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Thank you Jessica for the connection with Montreal’s Reinvest Wealth!! I have an appointment soon! I’m starting a counselling practice soon and this information is nil to me! I’m very excited now! Thank you so very much!!! ❤️ Comment from : Michele Fisher |
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Just to clarify, "Office Expenses" include pens, paper clips and so on while "Office supplies" includes software subscriptions, etc To me, those labels infer the opposite Pens seem more like a supply than an expense and accounting software seems like more of an expense than a supply? Comment from : Bizrinkta Brown |
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Thank you so much Jessica for this very informative video Really appreciate And agree with @jaredvincent 1067 for a video specific to podcast ❤🙏 Comment from : FillExpats Le Podcast |
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My husband and I are about to purchase/succeed an established farm business do you have anything about paying yourself as a sole prop? Comment from : Kaiti Inglis |
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Great video, love your podcast! Comment from : rhokdatroll |
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Hey Jessica, what software would you suggest for self-proprietor to keep track of income/tax/deductions? And also which can help to submit taxes when time comes? Would be great to see a video on this topic with a demo! Cheers ! Comment from : Ivan T |
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Btw, as a self-proprietor you can also write-off a half of CPP contribution (company's portion), family insurance premium, purchase of software/hardware (can be 100 or can be less, depends on a hardware) Comment from : Ivan T |
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In professional Dues if I have to use online subscriptions like video editing software, sound libraries, that are all subscription based are these things covered under the same category as a deduction/write off? Comment from : D K Keyz |
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Well done Jess! Comment from : Alexandra Petre |
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Hello Jessica, this is a great presentation kudos But quick a question i run a business(Incorporated) from home as an IT consultant(Remote from Home) , the company i consult for are based in another province, my question is can i buy a car or finance a car using my business and claim this as Tax deductions during tax filling for the year?' Comment from : Seyi Akinbade |
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Awesome video! What percentage of home expenses are you able to write off? Half? Comment from : Hello, Moti |
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Very helpful, thank you! Comment from : Matthew James Duffy |
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Keep coming back to your videos just to make sense of everything,, but I wanted to know more about insurance for you personal vehicle and work vehicles,, im a subcontractors for cleaning companies, have 3 different place to get to I travel around 120 km everyday round trips, and aside from that Gas/fuel cost can be written off? Do I have to sign up for gst/hst? Thank you for your time making the video s Comment from : sam pah |
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Thanks for the video! Would the software help with book keeping your expenses and your in/out of a corporation? Or is it something to add to something such as quickbooks? Comment from : AG |
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Love the small bus content More small bus info in podcast form would be great as well Comment from : jared vincent |
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Your videos are so informative Canadian specific, thank you! Comment from : Cloudy Day Cauldron |
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Perfect amount of pink 💗 Comment from : Brndafay |
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Too much pink Hard to watch the video Dark background better for eyes Comment from : Sage |
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This is a very helpful vid, especially as a Bookkeeper newb who will have to answer questions like these 😉brbrI have a question: Would y0u advise a new entrepreneur to register their business, so that they can claim write-offs, even if they haven't made any income? I'm in desperate need of a new computer, planning to purchase early next year, but I have no clients and might not have any at the time of purchase brbrIt would be REALLY nice if part of that could be written off 😅brbrThank you for your awesome and helpful channel, Jessica! Comment from : Bleh |
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This video could not have been posted with more perfect timing! brbrQuestion for you: brI’ve recently incorporated and pay professional dues I usually have these as a tax deduction when filing my personal taxes… long story short I have two jobs (one as a professional contractor and one as an employee) Both require professional licensing and therefore fees Can that be written off twice? brbrThank you for all the great content! Comment from : livinglikelee |
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