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How to Deduct Meals and Entertainment Expenses

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Avalon Accounting

Joe Collins, CPA, CA unravels the complexities of claiming meals and entertainment expenses. Learn what you can deduct, how it works and how to avoid trouble with the CRA.

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CONTENTS OF THIS VIDEO

00:00 Intro
00:46 When Can You Deduct Meals and Entertainment Expenses?
01:03 General Deduction Criteria Explained
01:47 Meals and Entertainment Expense Examples
03:25 Meals and Entertainment Understanding the 50% Rule
04:07 100% Deductible Meals and Entertainment
05:28 Practical Implications
06:10 How to Document Meals and Entertainment Expenses
08:56 Travel Meals and the Common Misconception

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MENTIONED IN THIS VIDEO

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AVALON ACCOUNTING

Avalon is a virtual accounting firm located in Canada. We aim to be THE online accounting department for small businesses in Canada.

We provide online bookkeeping, accounting services and expert financial advice for small businesses.

We are on a mission to educate small business owners through our YouTube channel, blog and free resources. Check out our links below to dive in.

► Website: https://www.avalonaccounting.ca/

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