[Canadian Finance]

I just did a series this week on the deductions available to home business owners.

Claiming Business Income And Expenses

Capital Cost Allowance (CCA)

Business-Use-Of-Home Expenses

 

[MoneyGal]

CF: you should probably discuss the REOP requirement in your first post. I don't think you should leave readers with the expectation that they will be able to create losses from a business and claim them against earned income indefinitely: over time, they run the risk of a review, an audit and the loss of the claimed expenses.

 

[MoneyGal]

Oh, funny! Not a recent series by CF; just brought to the fore by spam.