Personal vs. Business Expense Split Calculator
Not all business expenses are 100% business - and that’s okay. The key is knowing what portion of shared costs you can reasonably claim. This calculator is designed specifically for Canadian entrepreneurs who need to split mixed-use expenses like phone bills, internet, car insurance, and home utilities between personal and business use.
With guided prompts, built-in logic, and space to document your rationale, this tool helps you track, calculate, and justify every deduction - making tax time smoother and audit-proofing your business records.
The CRA only allows deductions for the business-use portion of an expense. Guesswork or over-claiming can lead to penalties, audits, or denied write-offs. With this calculator, you’ll take the uncertainty out of the gray areas and turn shared expenses into compliant, justifiable deductions.
Stay CRA-Compliant: Ensure your expense splits are reasonable and well-documented, protecting yourself in case of a review or audit.
Reduce Tax Season Stress: Eliminate guesswork and get clear on how much of your internet, phone, or car expenses you can write off.
Organize Your Rationale: Use the documentation tab to keep notes and attach receipt references, giving you an airtight record of your claims.
For a deeper understanding of why this calculator is essential for entrepreneurs, check out these helpful reads:
It’s Not All Business or Pleasure: How to Split Shared Expenses the Right Way: Explore real-life examples of mixed-use expenses and how to apply CRA guidelines effectively.
Is This a Write-Off? Understanding What You Can Deduct: Get clear on the rules around business deductions — especially in those “gray area” situations.
How to Decide: DIY Taxes or Hire a Professional: Determine whether handling your taxes yourself or hiring an expert is the right move for your business.
Personal vs. Business Expense Split Calculator
Not all business expenses are 100% business - and that’s okay. The key is knowing what portion of shared costs you can reasonably claim. This calculator is designed specifically for Canadian entrepreneurs who need to split mixed-use expenses like phone bills, internet, car insurance, and home utilities between personal and business use.
With guided prompts, built-in logic, and space to document your rationale, this tool helps you track, calculate, and justify every deduction - making tax time smoother and audit-proofing your business records.
The CRA only allows deductions for the business-use portion of an expense. Guesswork or over-claiming can lead to penalties, audits, or denied write-offs. With this calculator, you’ll take the uncertainty out of the gray areas and turn shared expenses into compliant, justifiable deductions.
Stay CRA-Compliant: Ensure your expense splits are reasonable and well-documented, protecting yourself in case of a review or audit.
Reduce Tax Season Stress: Eliminate guesswork and get clear on how much of your internet, phone, or car expenses you can write off.
Organize Your Rationale: Use the documentation tab to keep notes and attach receipt references, giving you an airtight record of your claims.
For a deeper understanding of why this calculator is essential for entrepreneurs, check out these helpful reads:
It’s Not All Business or Pleasure: How to Split Shared Expenses the Right Way: Explore real-life examples of mixed-use expenses and how to apply CRA guidelines effectively.
Is This a Write-Off? Understanding What You Can Deduct: Get clear on the rules around business deductions — especially in those “gray area” situations.
How to Decide: DIY Taxes or Hire a Professional: Determine whether handling your taxes yourself or hiring an expert is the right move for your business.
