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Jul 29, 2018 6:20 pm
Hello,
Are royalty fees a deductible Business Expense for small or large tech companies in Canada? For example a royalty fee (charged as a percentage of sales revenue of said product) for the use of a software product/license.
Thanks,
SV
1 Reply
Jul 30, 2018 3:18 pm
Yes, royalty fees are a deductible business expense.