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