@itsdanielleryan: Replying to @Danielle | Small Biz Tips Self-Employed Money pt. 2 Still not sure how write-offs work in your Canadian small business? Let’s discuss. A "write-off" is just another word for a “business expense”. Per the CRA: a business expense counts if it was incurred for the sole purpose of earning business income. That's it. So, let’s break it down with real numbers so you can see exactly how it works. & stay tuned for Tuesday where we will discuss what you need for showing proof of said purchases. Grab my $7 bookkeeping template to get a head start and let me know in the comments what questions you have.

(As always, I’m not an accountant, this isn't financial advice) #selfemployedcanada #writeoffscanada #smallbizcanada #canadiansmallbusiness #taxescanada

Danielle | Small Biz Tips

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Thursday 03 September 2026 17:07:41 GMT