🚫 MYTH:
"Only incorporated businesses can write off expenses."
✅ FACT:
Sole proprietors, freelancers, and self-employed individuals can absolutely claim legitimate business expenses — even if they’re not incorporated.
💡 Examples of Deductible Expenses:
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🏠 Home Office Use – If you work from home, you can claim a portion of rent, utilities, and maintenance.
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📶 Internet & Phone (Business Portion) – Only the percentage used for business purposes.
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📢 Advertising & Marketing – Online ads, flyers, website costs, and more.
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✈ Business Travel or Mileage – Trips taken for client meetings, events, or work.
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🛠 Supplies & Tools – From printer ink to specialized equipment.
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📊 Accounting Fees – Costs for tax prep and bookkeeping help.
💬 Bottom Line:
If you earn self-employment income in Canada, you can deduct reasonable business expenses to lower your taxable income — no corporation required.
Related reading
- What Counts as a Business Expense — and What Doesn’t?
- Top CRA-Approved Tax Deductions for Canadian Small Business Owners
Need help with your books or taxes? SNF Accounting is a CPA-led firm serving Canadian small businesses with fixed plans from $199/month. Book a free 30-minute consultation.