Litvin Muir has so many ways to help your business save on sales tax.
Did you know that you can deduct GST/HST paid on meal and entertainment expenses for eligible corporate events without the 50% Input Tax restriction? Most companies restrict input taxes claimed on meal and entertainment cost by 50%, as required by legislation, and overlook the exception to the restriction requirement for eligible corporate events.
- Applies to a maximum of 6 corporate events annually.
- All your employees at a particular location must be invited.