Why you can’t write off taking clients to the golf club
Don't be surprised! This rule has been in place since 1971
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Don't be surprised! This rule has been in place since 1971
Once it gets warm enough, many Canadian entrepreneurs start hitting the links with clients and staffers to talk shop and hone their games. Just don’t expect to write it off as an entertainment expense. Why? Club membership costs and green fees aren’t deductible. This rule has been in place since 1971, yet it still surprises people, says Keating. (Here’s a minor consolation, though: Food and beverage costs in the clubhouse are tax-deductible.)
The bottom line: Perfect your putting outside of work and find other ways to entertain clients. You could attend a hockey game and claim 50% of the ticket costs.
More tax tips here.
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