It is important to know the difference between Office Supplies and Office Expenses for your business because these costs are handled differently on your tax return for Canada Revenue. The CRA allows any reasonable business expense in that the expense must be appropriate to your business and used in an attempt to make money.
Office Supplies – are traditional office items such as pens, staplers, paper clips and printer ink cartridges that aid in the operation of your business. Also included in office supplies are:
It is very important that you keep all your receipts pertaining to office supply purchases to prove to the CRA that that you did in fact purchase the supplies.
Office Expenses – are the other expenses of running an office, they are used for the operations of the office and are sometimes called office operating expenses. They include:
For more information on office expenses visit the Canada Revenue website at:
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