Learn how to reduce your tax bill by confidently claiming your business expenses.
Many small business owners leave money on the table by missing out on valuable tax deductions or making avoidable mistakes. This webinar will show you how to maximize your deductions, stay organized, and reduce your tax bill—so you can focus on growing
Note: Price includes sales tax and is a tax deductible expense (against your business income.)
Save Money: Learn strategies to maximize deductions and reduce your tax bill—potentially saving more than the cost of this masterclass.
Reduce Stress: Gain clarity on deductible expenses so tax season is no longer overwhelming.
Avoid Mistakes: Discover common pitfalls that could lead to missed savings or tax penalties.
Take Action: Walk away with a clear plan to maximize your deductions and confidently prepare for tax season.
In this masterclass, you’ll discover:
What makes an expense deductible: Key rules and criteria to maximize your claims.
Types of deductible expenses: A breakdown of common expenses small business owners can claim.
Meals, conferences, and travel expenses: What you can and can’t claim.
Home office deductions: How to calculate and claim your home office expenses correctly.
Vehicle expenses: Rules for deducting car expenses, including differences for sole proprietors vs. corporations.
Fixed Assets vs expenses: Criteria, rules and common examples.
GST/HST and expenses: When and how to claim input tax credits.
Non-deductible expenses: Understanding restrictions on certain expenses.
Lesser-known deductions: A handful of less obvious business expenses (not covered in other sections).
Avoiding common mistakes: Learn how to prevent errors that could lead to lost deductions or penalties.
1-hour+ Masterclass Training: A comprehensive, easy-to-follow session with clear explanations and practical examples.
Comprehensive Tax Deduction Guide: A downloadable resource summarizing key strategies and tips.
Home Office Deductions Calculator (Spreadsheet): A tool to simplify the calculation of home office expenses.
This masterclass is designed for:
Small business owners, freelancers, independent contractors, self-employed individuals, and solopreneurs.
Both incorporated and unincorporated businesses.
Bookkeepers, accountants, and administrators looking to better understand business tax deductions.
Chelene Knight, founder of Breathing Space Creative Studio - Ronika Khanna’s The Small Business Guide to Maximizing Tax Deductions masterclass was a game-changer for me. Not only did I walk away with valuable, actionable insights for my business, but I also felt empowered to make meaningful changes. Ronika's approachable and easy-to-understand teaching style makes complex topics feel accessible and practical. Highly recommend!
Kerri Staden – "I struggle with COGS vs Expenses in an equestrian business, and this webinar gave me the clarity I needed! Highly valuable session."
Debbie S. – "Totally recommend webinars from Ms. Khanna. She explains things clearly and makes tax deductions much easier to understand."
Paula Alphonse – "Very knowledgeable and to the point. Ronika has a way of making complex tax topics simple and actionable."
Dilawer Khozem Abdulhusain (Conseil KAD-KA) – "Ronika Khanna, owner of Montreal Financial and expert in tax planning, delivers valuable insights with clarity. Highly recommend!"
Steve L. - "I have found the support from Montreal Financial, the books and Webinars to be very helpful"