Entrepreneurship & Small Business

What can I expense out for Small business for newspaper delivery

  • Last Updated:
  • Mar 25th, 2017 11:15 pm
[OP]
Penalty Box
Oct 13, 2016
142 posts
7 upvotes

What can I expense out for Small business for newspaper delivery

My dad and I are doing newspaper flyer delivery contractor, what are the expenses that I incur when I report tax to cra?
2 replies
Deal Addict
User avatar
Jul 22, 2004
1624 posts
13 upvotes
ETOBICOKE
uwbuchanan wrote:
Mar 16th, 2017 9:06 am
My dad and I are doing newspaper flyer delivery contractor, what are the expenses that I incur when I report tax to cra?
that's a question you have to ask yourself? Do you drive around the neighbourhood to do this job? then some automotive expenses would be claimable.
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Member
Nov 6, 2015
377 posts
114 upvotes
Guelph, ON
Basically whatever expenses you incur solely to operate the business. In the case of operating your vehicle, you keep a log of mileage driven for the business part. At tax time, you claim a % of your car expenses for business that is the % mileage for business use (relevant to overall mileage that year).
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