The Ultimate Guide to Tax Deductions and Credits for Canadian Corporations

Get to know all the tax deductions and credits for Canadian corporations, including practical tips that can help you reduce tax bill.

Ready to optimize your business finances?
Let's Connect!
Content of this video: 

00:00 - Intro

00:31 - Proper Record Keeping: The Foundation of Deductions

00:40 - Why Record Keeping Is Important

01:07 - Setting Up a Proper Bookkeeping System

01:44 - The Types of Documents You’ll Need

02:09 - Digital Tools to Make It Easier

02:49 - Business Expenses

03:09 - Office Supplies & Equipment

03:28 - Advertising & Marketing Costs

03:45 - Meals & Entertainment

04:10 - Vehicle Expenses

04:28 - Business-Use-of-Home Expenses

05:27 - Bank Charges and Interest

05:37 - Professional Fees (Legal, Accounting, etc.)

05:56 - Employee Salaries and Benefits

06:22 - Tax Credits & Other Incentives

06:37 - Scientific Research & Experimental Development (SR&ED) Credit

07:13 - Small Business Deduction

07:39 - Canada Carbon Rebate for Small Businesses

08:09 - Clean Economy Investment Tax Credits (ITCs)

09:16 - Input Tax Credits for GST/HST

Ready to optimize your business finances?
Let's Connect!