Professional
Can I write off Legal & Accounting Fees in Canada?
YES
Explanation
Fees for general legal advice, bookkeeping, and tax preparation are fully deductible. Exception: Legal fees associated with buying a capital property (like a building) are NOT deductible; they must be added to the cost of the property.
💡 Pro Tip
Ask your professional to itemize their invoice. If a lawyer helps you buy a building AND reviews a contract, you need to know the split to deduct the contract review portion immediately.