It’s Time to Re-Energize Your Business

Are you a new or established business owner looking after your dollars?

Are you worried how the new tax legislation and current economy might affect you?

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Dear Fellow Business Owner,

We currently live in both volatile economic and financial times. Government deficits have prompted tax changes that further complicates the local business mix.

However, with challenges comes opportunity. These businesses not only adapt, but can also thrive under such conditions.

Seize this opportunity to review, reflect, and re-energize your business.

It all starts with a review of your current business situation:

19 Most Popular Tax Deductions in Calgary

It is the question every Calgary small business owner asks me: What can I deduct from my taxes?

There are an incredible amount of things that can be deducted but there are so many variables that can determine if you are eligible to deduct those items. For example, these factors will certainly affect your eligibility: your location, how much you make, children, personal status, type of business, where you do business, are you incorporated, do you work from home, do you have children, employees, other employment, commissions, employment insurance, capital gains, etc., etc. – and there are many etc’s.

1. Equivalent-to-Spouse Credit
2. Charitable Donations
3. Safety Deposit Boxes at the Bank
4. Childcare Expenses
5. Medical Expenses
6. Your First Home
7. Dividend Income
8. Disability Credits
9. Personal Income Credit
10. Carrying Charges
11. Moving Expenses
12. Self-employment Expenses
13. Kids Activity Expenses
14. Political Donations
15. Transit Pass Receipts
16. RRSP Contributions
17. Office in-home Expenses
18. Professional or union-dues
19. Interest Paid on Student Loans