cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Created with Sketch. Register for our live webinar to learn more about the ProFile TY20 Release Notes.
Highlighted
Level 1

Meal allowance or expense

meal allowance 50%, but client generally consumes 50% or more - client has several subway and Domino pizza which he claims is for staff meetings and when staff works overtime.   Can client claim as eligible expense since he consumes 5% of expense or still stick with the 50% rule? 

Solved
Best answer June 02, 2020

Best Answers
Highlighted
Level 2

Meal allowance or expense

Hello Rose,

There are a few exceptions to the 50% limitation. I would recommend reviewing the interpretation bulletin here:

https://www.canada.ca/content/dam/cra-arc/formspubs/pub/it518r/it518r-e.pdf

and https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partners...

Hope that helps in getting you started

View solution in original post

1 Comment
Highlighted
Level 2

Meal allowance or expense

Hello Rose,

There are a few exceptions to the 50% limitation. I would recommend reviewing the interpretation bulletin here:

https://www.canada.ca/content/dam/cra-arc/formspubs/pub/it518r/it518r-e.pdf

and https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partners...

Hope that helps in getting you started

View solution in original post