Can gifts to business associates be a tax deduction in Canada?
I run a small business, I have bought gifts to my suppliers and customers. Can I use these expenses as a tax deduction? (Canada) ...
I run a small business, I have bought gifts to my suppliers and customers. Can I use these expenses as a tax deduction? (Canada)
yes, its an allowable tax deduction as long as the gift is under $750 in value, and not taxable in the hands of the recipient.