Questions? Call 416-367-4222

Purchase price paid for a domain name

 

The purchase price paid for a domain name (URL) may not be immediately deductible for Canadian income tax purposes. It may constitute an eligible capital expenditure (ECE) in which case only 50% of the purchase price can be deducted at a rate of 7% per annum.

Disclaimer:

"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."

Get your CRA tax issue solved


Address: Rotfleisch & Samulovitch P.C.
2822 Danforth Avenue Toronto, Ontario M4C 1M1

Taxation of Cost of Domain Name
Intergenerational Transfers of Businesses After Canada's Bill C-208
Intergenerational Transfers of Businesses After Canada’s Bill C-208
Qualifying for Small Business Deduction: Canadian Tax Lawyer's Guide
Qualifying for Small Business Deduction: Canadian Tax Lawyer’s Guide
Income Tax Act’s Deemed Dividend Rules – Canadian Tax Lawyer Analysis
Laliberté V. Canada Shareholder Benefit Decision – Tax Lawyer Analysis
Laliberté v. Canada Shareholder Benefit Decision – Tax Lawyer Analysis
CONTACT NOW Allowable Business Investment Loss (ABIL)
Loss On Small Business
Dividend Tax Rules
Taxation of Shareholder Loans – Canadian Tax Lawyer Analysis
Salaries For Spouse & Children Deductible