buksoSave money savings checklist small business
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
Canada (2026, legal ways to keep more): 1) record every business expense with its receipt; 2) claim GST/HST input tax credits if registered; 3) check the GST/HST Quick Method; 4) time equipment purchases (capital cost allowance); 5) corporations: the small business deduction; 6) research and development: SR&ED credits; 7) apprentices: the Apprenticeship Job Creation Tax Credit; 8) pay instalments on time to avoid interest; 9) tax-free employee benefits (gifts up to $500, private health plan premiums); 10) government programs: Canada Summer Jobs, Canada Small Business Financing Program, BDC, IRAP, CanExport. Ask Bukso AI about any of these for details. Bukso never files for you.
Official source: canada.ca
United States
United States (2026, legal ways to keep more): 1) record every business expense with its receipt; 2) the QBI deduction (up to 20%); 3) Section 179 or bonus depreciation for equipment; 4) the $2,500 de minimis rule for small items; 5) deduct half of self-employment tax and your health insurance (self-employed); 6) a retirement plan (SEP-IRA, SIMPLE IRA, Solo 401(k)) plus the startup credit; 7) home office and mileage (2026: 72.5 cents a mile January–June, 76 cents July–December); 8) R&D credit; 9) an accountable plan for reimbursements; 10) pay estimated tax on time. Ask Bukso AI about any of these. Bukso never files with the IRS or a state.
Official source: irs.gov