If you want to claim the business meal deduction in Canada, it's important to understand the rules and maintain proper records. In this video, I will explain the rules and requirements set by the Canada Revenue Agency (CRA) for claiming business meals and entertainment expenses as a tax deduction. I will also provide helpful tips on how to effectively claim business meals deductions from a tax accountant's perspective.

Business meals can be a great way to save on taxes, but you have to be careful with the rules. The Canada Revenue Agency (CRA) often audits this expense, so you need to keep good records of who, what, where, when and why you had the meal. You can usually deduct 50% of the cost of the meal and entertainment expenses, but there are some exceptions that let you claim 100%. Watch this video to learn more about the rules and exceptions for business meal deductions in Canada.

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Get the information you need to confidently claim business meal deductions and potentially save on taxes!

✅ CRA Business Meals Expenses Deduction Requirements: https://instaccountant.com/canadiant...



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About the Publisher:
Hi, I'm Murtaza, a seasoned accountant passionate about simplifying Canadian taxes. Whether you're a Canadian small business owner or any selfemployed individual, I'm here to empower you with financial knowledge and help you maximize your tax savings in Canada.

Disclaimer:
This video is for educational purposes only and does not constitute financial, investment, tax, or legal advice. Always consult a professional for personalized guidance tailored to your specific circumstances.