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Home » News » Canadian Tax FAQs » What Expenses Can I Deduct in My Business For Travel?
Tax Question:
I am going to an out-of-town work-related conference and I will stay after the conference for vacation. What expenses can I deduct in my business for travel?
Facts:
In order for travel expenses to be tax-deductible, they need to be incurred primarily for business. The Canada Revenue Agency (CRA) does not want you to take a personal vacation and then deduct the related expenses because you discussed business for one hour.
There are several factors to consider when determining which conference expenses can be deducted:
If you would like more information on this topic, please contact a member of the Empire CPA team by filling out the contact form below.
Canadian and foreign tax laws are complex and have a tendency to change on a frequent basis. As such, the content published above is believed to be accurate as of the date of this post. Before implementing any tax planning, please seek professional advice from a qualified tax professional. Empire, Chartered Professional Accountants will not accept any liability for any tax ramifications that may result from acting based on the information contained above.
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