The Rules for Entertainment and Meal Expenses on Canadian Income Tax

Author: External Author | | Categories: Income Tax Preparation , Tax Services

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.

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Original Article Source Credits:   The Balance Small Business ,

Article Written By: Susan Ward

Original Article Posted on:   March 21, 2022

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