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My return is going down as I add small business deductions. As small business owners are we obligated to report expenses?
May 3, 2025
6:45 PM
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Self-employed
No, you don't have to claim expenses against your Self-Employment income.
The likely reason why your Self-Employment expenses are reducing your tax refund is because they are reducing your income to below the level needed to qualify for the Canada Workers Benefit (CWB).
a month ago