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Q: I am providing a part time accounting service and I have sub to a 3rd party and pay him wages. Can I deduct the expenses for the wages paid?
A: As providing part time accounting service is considered as a business activity, the wages paid to third party for sub-contract work is considered as business expenses incurred in the production of business income. As such, the wages would be tax deductible.
Wishing you plentiful tax savings!
YYC Tax Guru