CRA T2125 Expense Categories Explained

GigBooks maps every business transaction to an official CRA T2125 line number. Here's what each category means.

Business Expenses (Deductible)

Line 8521 — Advertising

Website ads, Google Ads, social media ads, business cards, promotional materials.

Line 8523 — Meals & Entertainment (50% deductible)

Client meals, business entertainment. Note: only 50% is deductible. You must document who was present and the business purpose.

Line 8710 — Interest & Bank Charges

Bank fees, transaction fees, business loan interest, credit card annual fees, payment processing fees (Stripe, PayPal, Square).

Line 8760 — Business Tax, Fees, Licences & Memberships

Business licences, professional association dues (IATSE, DGC, ACTRA), union dues, industry memberships.

Line 8810/8811 — Office Expenses & Supplies

General office supplies, software subscriptions (Adobe, Dropbox, etc.), cloud storage, domain registration, web hosting, accounting software.

Line 8860 — Professional Fees

Legal fees, accounting fees, bookkeeping, consulting, tax preparation.

Line 8910 — Rent

Office or studio rent, equipment rental, coworking space fees.

Line 9200 — Travel Expenses

Airfare, hotels, trains, parking at client sites, Uber/Lyft for business travel. Not daily commuting.

Line 9220 — Telephone & Utilities

Business portion of phone and internet bills.

Line 9275 — Motor Vehicle Expenses

Fuel, insurance, maintenance, lease payments — all multiplied by your business-use percentage.

Capital Assets (CCA)

Items over $500 are typically capital assets, depreciated over multiple years rather than expensed immediately. GigBooks flags these for your accountant to handle.

Personal & Account Categories

GigBooks also tracks personal spending and account transfers, but these never appear on your T2125 report.