Expenses Related to your WFG Business

Tax Deductible Expenses

Now that you are in business, many of the things you once paid for with your after income tax dollars will now be eligible as Tax Deductible Expenses.
Items such as:

  • Cell Phone

  • Internet

  • Home Office

  • Vehicle Expenses

  • Travel

  • Entertainment

  • Equipment costs/depreciation - eg laptop/printer/office equipment

In addition, the cost associated with obtaining your license are tax deductible expenses - These expenses include your WFG Membership agreement fees when you signed up, Oliver's Training costs, examination fees, license fees, and more.

There are also other monthly expenses that are tax deductible, including E & O insurance and WFG Tech Fee

Visit this page on the Canada Revenue Agency website to learn more about eligible business expenses, and also consult with your bookkeeper and/or accountant.

Your Local WFG Branch Marketing Fees

This Local Marketing Fee, also tax deductible covers various things related to your continued progress:

  • Local Marketing

  • Event Support **

  • Social Events **

  • Professional Office Environment

  • Leadership Support

  • QFT Trainers

  • Printer

  • Scanner

  • Record Storage (Synology)

  • CRM Tools

  • Video Training

**These will sometimes have additional cost