IC TRAVEL AGENT May 2014 | Page 25

Why YOU might This series will explore every aspect of establishing yourself as a home based travel agent. consider becoming a home based agent. Most agents are not aware of the many reasons that becoming a home based agent is so beneficial. One of the more compelling reasons is the tax breaks you will get. If you are an employee you will have relatively few opportunities to reduce the taxes deducted on every pay cheque. Not so when you are home based. That’s because when you are home based, you are running your own business, and there are many tax breaks associated with operating your own home business. Everything from expensing a portion of your household costs (condo fees, mortgage payments, utilities, etc.) to writing off all business expenses. It is worth getting good accounting advice to make sur