Personal expenses you can claim for business

When you own a business, can you claim any of your personal expenses as business expenses? Before you start a business, you probably already have a phone, a computer, a vehicle, and a home. These all require expenses that are considered personal. However, when you start a business, it is likely that you will need to use some of these partially for your business. If this is the case, these personal expenses are no longer just personal and can oftentimes be claimed as business expenses, at least in part. Eligible expenses list: https://turbotax.intuit.ca/tips/the-big-list-of-small-business-tax-deductions-14682 Eligible expenses list: https://www.bdc.ca/en/articles-tools/money-finance/manage-finances/tax-deductible-expenses Eligible business expenses list: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partnerships/business-expenses.html Eligible home business expenses: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partnerships/report-business-income-expenses/completing-form-t2125/business-use-home-expenses.html Magnaltus Instagram: https://www.instagram.com/magnaltus/ #business #businessmanagement #businessstartup