View Single Post
Old 05-02-2014, 08:35 AM   #7
fsy82
Rs has made me the man i am today!
 
fsy82's Avatar
 
Join Date: May 2002
Location: Surrey
Posts: 3,240
Thanked 828 Times in 290 Posts
Failed 282 Times in 75 Posts
Are you talking about an actual corporation or a sole properitorship being written off in your personal tax return?

For corporation there is no benefit to you personally to write off any of that stuff. You need to have over $30,000 in sales before you can even register for a GST number. Also in the T2 you are required to mention the kind of business you are doing as well. At the end of the day if you do get audited (which is happening more and more to small businesses) they will require documentation/receipts of the expenses. If those cannot be provided it will be simply denied.
fsy82 is offline   Reply With Quote