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In most cases, you cannot deduct your life insurance premiums. The insurance costs related to business use of workspace in your home have to be claimed as business-use-of-home expenses. The insurance costs related to your motor vehicle have to be claimed as motor vehicle expenses. You can deduct all ordinary commercial insurance premiums you incur on any buildings, machinery and equipment you use in your business. You cannot deduct expenses for advertising directed mainly at a Canadian market when you advertise with a foreign broadcaster. You can deduct 50% of the expense if your advertising in a periodical is directed at a Canadian market and the original editorial content in the issue is less than 80% of the issue's total non-advertising content.You can deduct all the expense if your advertising is directed at a Canadian market and the original editorial content in the issue is 80% or more of the issue's total non-advertising content.Restrictions apply to the amount of the expense you can deduct for advertising in a periodical: These requirements do not apply if you advertise on foreign websites. To claim the expenses, you must meet certain Canadian content or Canadian ownership requirements. You can also include any amount you paid as a finder's fee. You can deduct expenses for advertising, including advertising in Canadian newspapers and on Canadian television and radio stations. salaries, wages and benefits (including employer's contributions).extra food and beverages consumed by self-employed.