Have you ever wondered what expenses you can claim for your freelance work? Look no further!
Every tax season, you are required to file a tax return for income earned doing freelance work or from your home-based business. You can choose to either file your taxes on your own, or have an accountant help you do it.
If you choose the DIY option, ensure you are properly accounting for expenses incurred while carrying out your business. This is important in order to minimize your taxes payable, while also making sure you do not get into trouble with the Canada Revenue Agency.
Here are some of the more common expenses you should be deducting from your freelance income: