Tax Resources
 

List of tax deductions for business

List of tax deductions for business - starting with I

  • Improvements provided that they are minor improvements

  • Insurance premiums paid

  • Interest on loans for business purposes such as:

    • Notes (bank discount on note is deductible as interest)

    • Mortgages

    • Bonds

    • Tax deficiencies

    • Instalment payments on auto, furniture, etc

    • Margin account with broker

  • Inventory loss due to damages

  • Investment counsel fees

Tax Questions