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1. www.canada.ca › en › revenue-agencyEntertainment expenses – Commission employee expenses

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   Expenses you can deduct include those for food, beverages, tickets, and entrance fees to entertainment or sporting events. You can also deduct tips, cover charges, room rentals to provide entertainment, such as hospitality suites, and the cost of private boxes at sports facilities. The most you can deduct is 50% of the lesser of: the amount you ...

2. www.canada.ca › en › revenue-agencyEvent tickets - Canada.ca

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   Taxable situation. If the benefit does not meet one of the conditions above, the benefit is taxable. Generally, event tickets you provide, pay or reimburse to your employees for their personal use are taxable. If the event ticket was provided for personal use as a gift or an award, continue to: Gifts, awards, and long-service awards.

3. www.canada.ca › en › revenue-agencyLine 8523 – Meals and entertainment - Canada.ca

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   Claiming food and beverage expenses. The maximum amount you can claim for food, beverages and entertainment expenses is 50% of the lesser of the following amounts: the amount you incurred for the expenses. an amount that is reasonable in the circumstances. When you claim expenses on this line, you will have to calculate the allowable part you ...

4. www.gtaaccounting.ca › blog › canada-revenue-agencyThe Canada Revenue Agency (CRA) Guidelines for Tax Deduction ...

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   Jan 31, 2018 · All such expenses including tips and taxes should be carefully documented because they're subject to the 50% rule.According to CRA “Entertainment expenses include tickets and entrance fees to an entertainment or sporting event, gratuities, cover charges, and room rentals such as for hospitality suites.”

5. cbes.ca › the-rules-for-entertainment-and-mealThe Rules for Entertainment and Meal Expenses on Canadian ...

   cbes.ca › the-rules-for-entertainment-and-meal

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   Jan 15, 2024 · Entertainment encompasses a wide range of activities. The Income Tax Act incorporates amusement, recreation, and the enjoyment of entertainment under the term “entertainment.” Certain expenses clearly qualify as entertainment expenses, such as the expenditure on tickets for shows or sports events, or the rental cost of a hospitality suite.

6. www.taxtips.ca › smallbusiness › meals-andTaxTips.ca - What meal and entertainment expenses can I deduct?

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   If the total cost for the event is more than the limit per person, the full amount is taxable. See CRA's Withhold payroll deductions and remit GST/HST re non-cash, near-cash and cash benefits that are taxable to the employee. GST/HST on Meals and Entertainment Income Tax Act s. 67.1, 12(1)(x), 20(1)(hh), 248(18), Excise Tax Act s. 236

7. People also ask

   Are event tickets taxable?

   • If you provide your employee with an event ticket and it is provided for business use, the benefit is not taxable if all of the following apply: If the benefit does not meet one of the conditions above, the benefit is taxable. Generally, event tickets you provide, pay or reimburse to your employees for their personal use are taxable.

   Event tickets - Canada.ca

   www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/benefits-allowances/provided/tickets.html

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   Are entertainment expenses tax deductible?

   • The Income Tax Act incorporates amusement, recreation, and the enjoyment of entertainment under the term “entertainment.” Certain expenses clearly qualify as entertainment expenses, such as the expenditure on tickets for shows or sports events, or the rental cost of a hospitality suite. Other expenses, though less obvious, can still be claimed.

   The Rules for Entertainment and Meal Expenses on Canadian Income Tax

   cbes.ca/the-rules-for-entertainment-and-meal-expenses-on-canadian-income-tax/

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   Are social events taxable?

   • Technical Interpretation 2017-073125117 indicates that CRA's position is that there is a taxable benefit to employees who have attended a social event provided free of charge to all employees, where the cost exceeds $150 per person. There is no taxable benefit for employees who did not attend.

   TaxTips.ca - What meal and entertainment expenses can I deduct?

   www.taxtips.ca/smallbusiness/meals-and-entertainment-deductions.htm

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   What expenses can be claimed as entertainment expenses?

   • Certain expenses clearly qualify as entertainment expenses, such as the expenditure on tickets for shows or sports events, or the rental cost of a hospitality suite. Other expenses, though less obvious, can still be claimed. For instance, the expenses incurred for providing a security escort or a tour guide for a business client.

   The Rules for Entertainment and Meal Expenses on Canadian Income Tax

   cbes.ca/the-rules-for-entertainment-and-meal-expenses-on-canadian-income-tax/

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   Can You claim entertainment expenses in Canada?

   • In Canada, there exist guidelines regarding the deduction of expenses related to food, drinks, and entertainment for income tax purposes, along with certain specific circumstances where a full 100-percent deduction is permissible. When Can You Claim Entertainment and Meal Expenses?

   The Rules for Entertainment and Meal Expenses on Canadian Income Tax

   cbes.ca/the-rules-for-entertainment-and-meal-expenses-on-canadian-income-tax/

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   Can I claim meals & entertainment expenses?

   • Note: If traveling via boat, ferry or ship, the amount for meals and entertainment expenses can only be claimed by up to 50%. 5) When you show meals and entertainment expenses on the bill which you charged to your customer or client, you can claim 100% of such expenses. Conventions and Seminars?

   The Canada Revenue Agency (CRA) Guidelines for Tax Deduction on Me…

   www.gtaaccounting.ca/blog/canada-revenue-agency-cra-guidelines-tax-deduction-meals-entertainment-expenditure

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8. taxtool.ca › the-tax-implications-of-winningThe Tax Implications of Winning Prizes and Awards in Canada

   taxtool.ca › the-tax-implications-of-winning

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   Jun 18, 2024 · Since this award is connected to her academic achievements and enrollment in a qualifying program, it is tax-exempt. Art and Sports Competition Prizes. Prizes won in art contests or sports competitions are generally considered taxable income if they are substantial and represent a source of income. This is especially true if the prize is won as ...