044 | Can I Write That Off? A Chiropractor's Guide to Business Expenses
A lot of chiropractors assume that incorporating unlocks a new world of tax efficiency — that anything remotely business-related can now be run through the corporation. This episode breaks down what a legitimate write-off actually is, using the CRA’s two real tests: was the expense necessary to earn income, and is the amount reasonable? We walk through the biggest gray areas — vehicles, home office, meals and entertainment, and golf — and explain the piece almost nobody understands: what “non-deductible” really means, how add-backs work at tax time, and why your corporation can still pay for…
The skinny
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