Financial
Can I write off Business Insurance in Canada?
YES
Explanation
Premiums for commercial liability, business property, and malpractice (errors and omissions) insurance are fully deductible. Life insurance premiums are generally NOT deductible expenses.
💡 Pro Tip
If you work from home, ensure your home insurance provider knows you have a business. You may need a rider, and the cost of that rider is deductible.