What percentage of my Meals and Entertainment expences are tax deductable?
One of the most common area’s of non-compliance uncovered during CRA audits is in the area of meals and entertainment. Although the basic principle is fairly simple in that the taxpayer is only allowed to deduct 50% of expenses related to meals and entertainment, there are some exceptions. Give your SourcePoint office a call and we will help walk you through this area and ensure that you are always in compliance.
