What expenses can I deduct from my care services income as a Health Care Worker?

Whether you're self-employed, or an employee, the Income Tax Act (ITA) provides guidelines which allow you to deduct a range of business expenses using this form. These expenses are necessary to offset your net income, lowering your income and reducing your taxes owing.  These guidelines are limited to a few specific items, which means that the Canada Revenue Agency (CRA) then has the responsibility to determine if the expense was incurred for the purpose of earning income and whether they will be allowed or denied. Here are the main business operating expenses which you may be eligible to claim. Remember: Any money spent running your business is considered a business expense, and you can claim on your tax return as a deduction.

• Advertising fees
• Start-up costs (including interest and fees on money borrowed for your business)
• Delivery or shipping costs
• Legal, accounting, and similar professional fees
• Office supplies
• Telephone, Mobile phone, and Internet (were used for business)
• Utility costs
• TurboTax
• Office rent and any ancillary expenses for that space
• Home office expenses
• Entertainment and Travel Expenses
• Vehicle Expenses: gas, insurance, repair costs and parking fees
• Bank charges on your business’s bank account, including the cost of cheques
• Yearly dues for commercial or trade organizations
• Private health services plan premiums
• Interest on vehicle payments
• Cleaning supplies for a home office
• Deductions for bad debts and/or the cost of recovering balances owing to you

Where do I find my webookcare income for tax purposes?

General info

Whether you’re looking for detailed information on a specific transaction or a static report, you can view your earnings at any time from your Stripe Account. It's your responsibility to determine what, from your total amount earned, to report as taxable income on your tax return. We encourage you to consult a tax advisor if you need assistance deducting any non-taxable income.

All transactions paid out in a calendar year are included in My Earnings, including both completed and upcoming gross earnings. Total penalties include any withholdings or adjustments that may have reduced payouts throughout the year. These amounts can be useful for income tax reporting purposes. 

To check your earnings on your smartphone: 

1. Go to Profile
2. Next, select My Earnings
3. View your Completed or Upcoming Earnings

To check your earnings on your desktop computer:

1. Got to Earnings History
2. View your Earnings History

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