Expenses

There are tax deductions available for travel related to earning income.  You cannot deduct the cost of travel to and from work.  However, if you incur costs related to employment such as travel to locations different from your employer’s place of business and expenses during travel for work – these costs may be deductible. To…

As a rule, a proprietor or corporation can deduct for tax purposes any reasonable expenses that were incurred to earn business income. However, this rule has its exemptions and other consideration that make up much of the 2,810 pages of the Income Tax Act.  However, here are some generalities to consider when looking for deductions.…

If you incur costs related to employment such as overtime meals, travel to locations different from your employer’s place of business and incur expenses during travel for work – these costs may be deductible.  To claim these deductions, your employer must complete and sign a T2200 form (declaration of conditions of employment) to be submitted…