Line 8871 – Management and administration fees

You can deduct management and administration fees, including bank charges, incurred to operate your business. Bank charges include those for processing payments.

Do not include on this line:

• employees' salaries, wages and benefits (including employer's contributions)
• property taxes
• rent paid

Instead, report these amounts on the appropriate lines of form T2125.

Forms and publications

• Guide T4002, Self-employed Business, Professional, Commission, Farming, and Fishing Income
• Form T2125, Statement of Business or Professional Activities