Taxes
Hi,
I have a home based business that I started last August 2011 and officially registered with the Ministry of Government services in Ontario today. Can I write off expenses incurred up until December 31, 2011 even if my business wasn't technically "registered".
Also, I made a little bit of profit last year but work from home. I don't know how much of my house expenses I can write off. I work from my basement (would I be able to write off 30% of home expenses) since it's about 1/3rd the size of my house.
I have a home based business that I started last August 2011 and officially registered with the Ministry of Government services in Ontario today. Can I write off expenses incurred up until December 31, 2011 even if my business wasn't technically "registered".
Also, I made a little bit of profit last year but work from home. I don't know how much of my house expenses I can write off. I work from my basement (would I be able to write off 30% of home expenses) since it's about 1/3rd the size of my house.