List of Expenses
- Advertising
- Allowance on eligible capital property
- Bad debts
- Business start-up costs
- Business tax, fees, licenses, and dues
- Business-use-of-home expenses
- Capital cost allowance.
- Delivery, freight and express
- Fuel costs (except for motor vehicles)
- Insurance
- Interest and bank charges
- Fees, penalties, or bonuses paid for a loan.
- Fees deductible over five years
- Fees deductible in the year incurred.
- Interest deductible on property no longer used for business purposes.
- Interest on loans made against insurance policies.
- Capitalizing interest
- Interest related to workspace in your home.
- Legal, accounting, and other professional fees
- Maintenance and repairs
- Management and administration fees
- Meals and entertainment (allowable part only)
- Long-haul truck drivers – Meals and Lodging
- Extra food and beverages consumed by self-employed.
- Motor vehicle expenses
- Office expenses
- Other business expenses
- Prepaid expenses
- Property taxes
- Rent
- Salaries, wages, and benefits (including employer’s contributions)
- Supplies
- Telephone and utilities
- Travel
- Real Estate
- Land acquisition.
- Construction or purchase of buildings and facilities.
- Machinery and Equipment:
- Purchase of manufacturing equipment.
- Acquisition of machinery for production processes.
- Technology and Software
- Investments in computer hardware.
- Licensing fees for software and business applications.
- Furniture and Fixtures
- Office furniture
- Interior fixtures for commercial spaces
- Vehicles
- Purchase of company vehicles
- Fleet acquisition for transportation purposes.
- Research and Development
- Funding for research projects
- Development of new products or services.
- Intellectual Property
- Patent acquisition
- Licensing fees for intellectual property.
- Corporate Acquisitions
- Purchase of other companies or business units.
- Training and Development
- Employee training programs
- Development of training facilities
- Infrastructure
- Investments in utilities and infrastructure projects.
- Environmental Compliance
- Expenditures to meet environmental regulations.
- Implementation of eco-friendly technologies.
- Marketing and Branding
- Brand development campaigns.
- Marketing research and strategy.
- Security Systems
- Installation of security infrastructure.
- Implementation of cybersecurity measures.
- Legal and Regulatory Compliance:
- Costs associated with ensuring compliance with laws and regulations.
- Start-up Costs
- Initial costs to establish a new business.
- Financing and Interest Costs
- Interest payments on loans used for capital projects.
- Training and Education
- Investment in employee training programs.
- Utilities and Energy Efficiency
