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Business Expenses

Can You Write Off a VR Headset as a Business Expense?

Did you know that a VR headset, such as a Meta Quest or Oculus Rift, could potentially qualify as a business tax deduction? While most people associate virtual reality with gaming and entertainment, these devices are increasingly being used for legitimate business purposes.

HermanOctober 17, 20264 min read

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CRA & Filing

Received a Tax Audit Letter? Here's Why You Shouldn't Panic

Few things make business owners more nervous than receiving a letter from the tax authorities. Your first thought might be, "What did I do wrong?" But here's something many business owners don't realize: being selected for a tax audit doesn't necessarily mean you've done anything wrong.

HermanOctober 17, 20264 min read

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Business Expenses

Can You Write Off Golfing as a Business Expense?

Did you know that golfing could potentially qualify as a business expense? Many business owners believe that taking a client golfing automatically makes the expense tax deductible. However, the rules are often much more restrictive than you might expect.

HermanSeptember 15, 20264 min read

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Business Expenses

Can You Write Off a Wedding Gift as a Business Expense?

You might be surprised to learn that a wedding gift could potentially qualify as a business expense. But before you purchase that expensive gift and charge it to your business, there are a few important things you should know.

HermanSeptember 1, 20264 min read

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