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Trinatree

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Everything posted by Trinatree

  1. Hi. Doing home based business taxes. We are sitting at about negative $20k for the business due to startup costs etc. I have deferred the CCA expenditures(limit the cca for 2021), but regarding the other expenses, like office expenses, professional fees, subscriptions, maintenance, supplies etc, things needed to carry on the business, I am wondering if all the expenses will be wasted with no benefit from them due to the lack of income last year? How should I proceed? I already have them input into the program so should i just remove them and can I claim them next year??? Any help would be great! Thanks in advance
  2. So if you out Zero in that box will you be able to claim them next year? Like for example, new business , zero income for the year but expenses 25k. Could I have my 10 class 8 cca entries as zero in the "limit cca in this class" box? Thanks.
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