Small business owners can deduct 50% of meal and entertainment expenses for clients against business income.
Must keep names of the client entertained and their phone number.
Personal meals and entertainment and during travel are non deductible.
The entire expense could be deducted in certain cases.
The author, Roland Alemao CGA is the founder of Roland Alemao Professional Corporation . He provides valuable tax planning, accounting and income tax preparation services in the Greater Calgary Area.
The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Roland Alemao CGA and Roland Alemao Professional Corporation will not be held liable for any problem that arise from the usage of the information provided on this page.