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posted Sep 1, 2021 6:36:11 PM

Can I get a deduction for business expenses purchased overseas?

I purchase products overseas and resell them directly to another country.
So, there is no imports and exports to and from Canada.
I get profits from those resales.

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1 Replies
Level 5
Oct 14, 2021 9:32:59 AM

Yes, you can deduct expenses related to your business. Please find this link from the CRA website regarding business expenses that you can deduct.

 

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