Sole Proprietorship - Maximum/Reasonable Expenses.

[Mero 5]

Hi,

As a Sole Proprietorship,

Is their a Maximum or Reasonable Number or Percentage of the Expenses I can claim on my T2125

Since it's the 1st Year for my Business!

I've a lot of Expenses!

But if your have an idea of reasonable amount or percentage i can claim under the expenses section it will be helpful?!

Thanks...

[Bretonix 50]

Your best source of information is Guide T4002, Business and Professional Income.

http://www.cra-arc.gc.ca/E/pub/tg/t4002/README.html

 

See also Business expenses in Sole proprietor and partnerships

http://www.cra-arc.gc.ca/tx/bsnss/tpcs/slprtnr/menu-eng.html