Can I deduct parking costs for my self-employed business in Ontario?

Business parking costs are generally deductible. If you park at a client's location, a court, a supplier's premises, or any other business destination, the parking fee is a direct business expense. Parking meters, lots, and garages at business destinations are straightforwardly deductible.

One notable exception: parking at your own regular workplace or office is generally not deductible for self-employed individuals, in the same way that commuting costs are considered personal. However, if you work from home and drive to client sites, parking at those client sites is clearly a business expense.

Monthly parking passes at a location where you regularly conduct business — such as near a co-working space you use exclusively for client meetings — may also be deductible if the primary purpose is business. Parking tickets and fines are never deductible, regardless of whether the car was on a business trip. Keep receipts for parking costs, and where possible note the business purpose on the receipt or in your records.