A handy list of 39 Tax Deductible Expenses

39 tax deductible most common expense that you can think of writing off in your business to reduce your taxable income.
You can not deduct your personal expenses; you can only deduct expenses related to your business.

1. Costs of goods sold – material costs, labour and sub-contractors
2. Business start-up costs
3. Delivery of goods, freight, and related expenses
4. Fuel costs (except for motor vehicles)
5. Business insurance
6. Advertising and promotions
7. Bad debts or uncollectible amounts from your customers
8. Business tax, registration fees, license fees, and dues
9. Interest, bank charges, and credit card charges
10. Salaries, wages, and taxable benefits provided to an employee
11. Management salaries and wages
12. Management and administration fees
13. Fees, penalties, or bonuses paid for on early loan payment
14. Initial loan fees deductible over five years
15. Annual loan fees deductible in the year incurred
16. Interest deductible on property no longer used in the business
17. Interest on loans obtained against insurance policies
18. Professional and legal fees
19. Repairs and maintenance
20. Meals and entertainment expenses
21. Meals and entertainment for long-haul truck drivers
22. Extra food and beverages consumed by self-employed
23. Motor vehicle expenses
24. Office expenses (consumables)
25. Prepaid expenses of prior period
26. Property taxes for your business premises
27. Rent of your business premises
28. Home office expenses
29. Cleaning supplies
30. Waste removal
31. Telephone, fax, and utilities
32. Business travel expenses
33. Charity and political contribution
34. Commission
35. Moving expenses
36. Research and development expenses
37. Capital cost allowance – depreciation and amortization
38. Property w/off
39. Deposits w/off