Incorported - Expenses write-off on entertainment part

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JRF
Member since: Jul 04

Posts: 1853
Location: GTA, Ontario
Post ID: #PID

Posted on: 07-11-08 17:12:05

Hi,

I work as an IT Contractor and I am incorporated, I believe some of us are also incorporated be in IT or other. I am looking for the following information.

What expenses you could write off from your business on entertainment. The A/C pointed out that you could write off movies tickets, concert and even some game shows.

Any other expenses you were able to write off such as buying sporting equipments, etc.., etc.,.

Thanks,

-----------------------------------------------------------------
The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM

chandresh
Member since: Mar 03

Posts: 2606
Location: Toronto
Post ID: #PID

Posted on: 07-11-08 17:24:47

This might help you:

http://www.cra-arc.gc.ca/E/pub/tp/it518r/it518r-e.pdf" target="_blank">http://www.cra-arc.gc.ca/E/pub/tp/it518r/it518r-e.pdf</a>

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Chandresh

Advice is free – lessons I charge for!!

JRF
Member since: Jul 04

Posts: 1853
Location: GTA, Ontario
Post ID: #PID

Posted on: 07-11-08 18:28:06

Chandresh,
Thanks for the helpful information.

Quote:
Originally posted by chandresh

This might help you:

http://www.cra-arc.gc.ca/E/pub/tp/it518r/it518r-e.pdf" target="_blank">http://www.cra-arc.gc.ca/E/pub/tp/it518r/it518r-e.pdf</a>

-----------------------------------------------------------------
The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM

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