Tax questions? You ask lah! #37

Published: Wed, 08/25/21

Tax questions? You ask lah!

Your weekly dose of tax knowledge - become tax savvy in just 2 minutes!

A director had lunch with a staff, but the staff has family relationship with the director, is the lunch eligible to claim 100% tax deduction as staff entertainment?

A:
It may be viewed as a private expenditure because they have family relationship. However, if it can be proven that the lunch involves other staff as well who are not related to the director, then the staff lunch is eligible to claim 100% tax deduction as staff entertainment.

Q:
Are weekend entertainment expenses eligible for claiming tax deductions?

A:
As long as the entertainment is incurred in the production of gross income, e.g. entertaining an existing customer, it is eligible to claim tax deduction.

Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

P.S. I've received a lot of tax questions, so now I am answering the frequently asked questions and sharing them with you weekly!

P.P.S. If you're liking these little tips, you can't imagine how much you'll get out of my course! View the course here: bit.ly/youaskzenlah

Disclaimer: The email is intended for informational purposes only. YYC has taken all reasonable care in the preparation and compilation of the information contained in this email, the information contained in the email is believed to be reliable but YYC or their associates make no representations as to accuracy, completeness, suitability, or validity of any information and will not be liable for any errors, omissions, or delays in this information.