Home based business owners can claim a multitude of benefits at the time of Income Tax Filing Scarborough. For more info on how to go about these claims, visit Z Rahman Professional Corporation, the tax experts in Scarborough.

1. Income Tax Filing in
Scarborough

2. INCOME TAX FILLING
• Many times, individuals
simply forget the task
of Income Tax Filing in
Scarborough and fail to
understand that it is only
increasing the burden on
your pocket. If you are a
small business owner,
then filing income tax on
time has so many ulterior
benefits for you.
• We have listed some of
those benefits.

3. Commercial Insurance
Many times, individuals
simply forget the task
of Income Tax Filing in
Scarborough and fail to
understand that it is only
increasing the burden on
your pocket. If you are a
small business owner,
then filing income tax on
time has so many ulterior
benefits for you. In this
post, we have listed some
of those benefits.

4. Use of personal vehicles
Many business owners who work
from home use their personal
vehicles for business use. In that
case, you can write off a portion of
your automobile expenses like fuel
costs, licensing, insurance,
maintenance, repair costs, and also
to some extent the interest on
money you borrowed to purchase
that vehicle. It’s important to keep
a separate track of home and
business use of your vehicles like
the kilometers driven for business
purpose and so on.

5. Property Taxes and Mortgage Interests
This also comes under home
based expenses. You can
deduce a part of your property
tax and rent or mortgage you
are paying on your home if
your home is also your
business sphere or you’ve
separately rented an
accommodation for business
purpose. Use the chart to
calculate business use of home
expenses given by CRA for the
purpose.

7. Have a Question ?