The Rules for Entertainment and Meal Expenses on Canadian Income Tax
As a business person, it would be great if you could deduct 100 percent of all of your business meals and entertainment expenses from your taxes. Unfortunately, the full 100-percent deduction is rarely applicable. There are general rules for deducting food, beverage and entertainment expenses on Canadian income tax, and some special situations where a 100-percent deduction can be claimed.
Original Article Source Credits: The Balance Small Business , https://www.thebalancesmb.com/
Article Written By: Susan Ward
Original Article Posted on: March 21, 2022
Link to Original Article: https://www.thebalancesmb.com/expenses-on-canada-income-tax-2948625