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Other fees

Tax risk: 🔥 | Deductibility: 0% - 100%

Lionel ROSU avatar
Written by Lionel ROSU
Updated over 2 months ago

For example, provincial and municipal taxes

Other costs include various expenses such as :

  • capital loss on the sale of a fixed asset: if you sell a fixed asset (car, machine, building, etc.) for less than its net book value (acquisition value - depreciation), you realize a capital loss, the deductibility of which will depend on the deductibility of the asset prior to sale (for more details, see Selling a fixed asset).

They also include "accounting expenses", which do not correspond to a payment. These are deducted from your taxable income:

  • any write-downs on trade receivables: in the event of proven insolvency of one of your customers. You determine on the basis of documentary evidence which receivable you will never recover

  • non-recoverable VAT on certain expenses: for mixed subjects (a physiotherapist who consults osteopaths, a surgeon who does cosmetic surgery...)

  • depreciation of assets other than buildings or cars

💡 Be sure to obtain supporting documentation before writing down a customer receivable (for example, following the bankruptcy of a professional customer). Otherwise, the tax authorities will consider the write-down non-deductible.

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