Can my wife deduct monthly banking fees on our joint account as an expense for my wife who is self employed?

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As per CRA, your wife can deduct bank charges and interests (Line 8710 )  only if this joint account is used as business account for your wife's self-employed business. This expense can be recognised as a business expense which is deductible. 

*Please note that if this joint account is used as a non-business account the bank charges will be considered as personal expenses hence, it will not be deductible.

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