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Posted by TechnoGram on February 25, 2007, 12:01 am
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In a Canadian incorporated company is it permissible to
deduct meals and entertainment involving family members?
What are the rules that apply to making deductions for meals
and entertainment? What has to be provided to prove a
legitimate expense and are there any rulings where this type
of deduction has been disallowed? Any hints on how to tell
someone they can not truly and legally live off a corporate
credit card by way of deductions in thier company and any
rulings or decisions of the consequences of doing so. Also
any information on just how the government would go about
proving this is happening. Friend thinks it is just a matter
of talking about what they do in a social setting to become
a legitimate business expense. Having a hard time
convincing this is very danagerous as I do not really know
the consequences. Also is liquor deductible? and under what
circumstances?
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