New Member

posted Oct 29, 2019 11:10:53 PM

I have a small business, Can i claim bank monthly charges on my business account?

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Level 5

Oct 29, 2019 11:10:54 PM

Good morning,

Please refer to this list from CRA's site:

http://www.cra-arc.gc.ca/tx/bsnss/tpcs/slprtnr/bsnssxpnss/menu-eng.html

Thank you,

Magalie@TurboTax

2 Replies

Level 5

Oct 29, 2019 11:10:54 PM

Good morning,

Please refer to this list from CRA's site:

http://www.cra-arc.gc.ca/tx/bsnss/tpcs/slprtnr/bsnssxpnss/menu-eng.html

Thank you,

Magalie@TurboTax

New Member

Oct 29, 2019 11:10:57 PM

Thank you for your question.

Yes you can claim your bank charges as business expenses under T2125.

Thanks