buksoPersonal expenses paid from the business account
Not tax advice. General bookkeeping information only, checked against the official sources linked below (Canada Revenue Agency, IRS, provincial governments and Justice Laws) on Oct 17, 2026. Rules change; check with your accountant before you file.
Canada
Personal spending is never a business expense, even when paid from the business account. Record it as owner draw (sole proprietor) or shareholder loan (corporation).
Official source: canada.ca
United States
Personal, living or family expenses are not deductible. Paid from the business account, they are owner draws, not expenses.
Official source: irs.gov