Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Find CRA error Netfile information >> HERE!

My return is going down as I add small business deductions. As small business owners are we obligated to report expenses?

 
1 Reply

My return is going down as I add small business deductions. As small business owners are we obligated to report expenses?

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).

 

Unlock tailored help options in your account.