Common question of whether a round of golf can be deducted as a business expense in Canada. While it may seem appealing, there are strict guidelines from the CRA. The expense must be directly related to business activities and have a clear business purpose, such as client meetings or networking. Employee rewards, team-building activities, and promotional events may also qualify, but it's essential to ensure they're reasonable and directly related to business objectives. Consulting with a tax professional is recommended to navigate these deductions safely.

When it comes to owning a rental property, it is crucial that you hire a professional to ensure you don’t miss out on important tax benefits, deductions, and exemptions.

The best evidence to support the use of a vehicle is an accurate logbook of business travel maintained for the entire year, showing for each business trip, the destination, the reason for the trip and the distance covered.