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Tax Deductions - Information on Income & Small Business Tax Deductions


Canada's #1 best-selling tax software1 helps individuals & small businesses make sense of Canadian income tax deductions.

Maximize Your Tax Deductions with TurboTax. ...And Get Your Maximum Refund, Guaranteed.2


Did you know that there are over 400 possible tax deductions for individuals & businesses in Canada? Every year, many Canadian taxpayers overpay their taxes because they simply didn't know about the more obscure tax deductions that they qualify for. (Read below for some examples of Canadian income tax deductions.)

At TurboTax, we're trying to put more money back in the pockets of Canadians. Our tax software is built by a massive team of tax analysts who not only know the ins & outs of tax claims & deductions in Canada... but also guarantee you'll get your biggest refund - or your money back.2

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Tax Deductions for Canadians and Canadian Business

Small Business Tax Deductions


TurboTax Business builds business tax deductions (federal & provincial, as necessary) like these into the software:

  • A portion of your mortgage interest for your home office
  • A percentage of your property taxes for your home office
  • GST on business purchases

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Student Tax Deductions


TurboTax Student Online Edition builds student tax deductions (federal & provincial, as necessary) like these into the software:

  • Daycare & summer camp fees if your spouse is working
  • Tuition, book, bus pass and related fees
  • RRSP contributions
  • Moving costs for relocating to attend school

Learn about TurboTax Student Online Edition

Income Tax Deductions (Personal)


TurboTax builds personal income tax deductions (federal & provincial, as necessary) like these into the software:

  • Disability tax credits for prolonged infirmities, like hearing impairments certified by an audiologist
  • Interest on loans for investments
  • The cost of renting out a safety deposit box
  • Moving expenses (to move closer to work) - including the cost of breaking a lease

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