I started this post initially based on the concept of continuing on our discussion on cars and how they’re treated for Canadian tax purposes.  I quickly realized, however, that there was so much meat on this topic that I really can’t do the rest of it justice in these tips of the day.  So I’m going a bit more limited …

Alright!  Last time we talked about owning your own car and running a sole proprietorship.  Today we’ll focus on corporations whose owners or employees are tasked with using their personal vehicles for work. Many business owners are tempted to buy corporate vehicles for themselves and/or employees.  Sometimes this makes a lot of sense – especially when you need a specialty …

Ok, let’s tackle vehicle expenses.  In practice, we constantly see misconceptions, vehicles be handled incorrectly, missing deductions and so much more.  The problem?  This is a pretty robust area of tax, as CRA understands that vehicles are needed for business, but there can be a personal component as well.  This becomes complicated.  And it changes depending on whether a vehicle …

Today let’s talk golf!  And of course I mean the game – not the VW.  We’ll talk cars and mileage in another episode of BATT. Golf, under Canadian tax law, is not your friend.  While the old adage may be true that business is done on the golf course, it’s not tax deductible business.  Most things related to going golfing …

Hey everyone! I’m going to start off 2018 by sharing a bookkeeping, accounting or tax tip of the day – or “BATT”!   BATT #1: Today’s discussion is around meals and entertainment.