Small Business Deductions Calculator
Estimate your eligible business deductions and see how much tax you can save. Covers home office, vehicle, meals, and more.
2026 Tax YearData stays on your deviceUpdated Apr 1, 2026
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Other Expenses
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20%54%
Estimated Tax Savings
$5,029.20
Total Deductions
$15,240.00
Home Office
$3,240.00
15% of space
Vehicle
$4,800.00
60% business use
Meals & Entertainment
$1,500.00
50% of total
Professional Fees
$2,000.00
Advertising
$1,500.00
Supplies + Insurance
$2,200.00
Frequently Asked Questions
What business expenses are deductible?
Common deductions include home office costs, vehicle expenses for business use, meals and entertainment (50%), professional fees, advertising, office supplies, and business insurance.
How does the home office deduction work?
You can deduct the business-use portion of your home expenses (rent, utilities, insurance, property tax, maintenance) based on the percentage of your home used for business.
Why are meals only 50% deductible?
The CRA limits the deduction for food and beverages to 50% of the amount paid. This applies to meals and entertainment expenses incurred for business purposes.
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Built and reviewed by Konstantin Iakovlev · Data from CRA, CMHC, Bank of Canada · MethodologyDisclaimer: This calculator provides estimates based on publicly available data from CRA and other government sources. It does not constitute financial advice. Consult a qualified advisor for decisions about your specific situation.
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