CRA Expense Categories
Search CRA-recognized expense categories for T2125 (sole proprietors) and T2 (corporations). /* tooltip: CRA: Canada Revenue Agency */
Advertising, marketing, promotional materials
Business meals: 50% deductible. Long-haul truckers: 80%
Debts owed to you that you cannot collect
Business insurance premiums (not personal life/health)
Interest on business loans, bank fees, credit card annual fees
Professional dues, business licences, municipal taxes
General office supplies consumed quickly: pens, paper, toner
Legal fees, accounting fees, consulting fees
Management fees paid to related entities
Office or clinic rent, equipment rental
Employee salaries, wages, benefits, employer CPP/EI
Municipal property taxes on business property
Transportation, lodging for business travel. Not commuting.
Business phone, internet, electricity, water, heating
Gas, insurance, repairs, lease for business vehicle. Pro-rate if mixed use.
Depreciation on capital assets (computers, furniture, vehicles)
Salaries paid to shareholder-employees and staff
Dividends declared — not deductible, affects RDTOH refund
Legal, accounting, consulting fees for the corporation
Office rent, shared clinic space, utilities
Office supplies, software, subscriptions
Business travel, conference attendance, vehicle costs
Corporate liability, E&O, key-person insurance
Corporate loans, credit facility fees, bank charges
Continuing education, conferences, professional development
Software subscriptions, cloud services, IT equipment
CorpBooks automatically categorizes your expenses into these CRA categories using AI. /* tooltip: CRA: Canada Revenue Agency */