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Status Answered
Created by AgExpert Support
Created on Apr 22, 2022

Disqus Agexpert Accounting Questions Archive

Is income tax paid to CRA a claimable expense?

  • ADMIN RESPONSE
    Feb 10, 2025

    Hi Rod!

    We spoke earlier on the phone, but for the benefit of everyone else, income tax paid to CRA is not claimable as an expense. Personal tax paid will be entered as a PD (personal draw). There should be an account in that section for your income tax payment.

    Thanks, and have a great weekend!

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