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

[MagalieBo · Accepted solution]

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

[Kashmira-TurboTax]

Thank you for your question.

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

Thanks