Guidelines For Deducting Conference and Training Expenses
Ronika Khanna CPA,CA
DECEMBER 1, 2023
Eg, the Canadian Institute of Chartered Accountants would have to hold the qualifying event somewhere in Canada otherwise the deduction might be denied. There is an exception with respect to conventions, held in the United States, that are “national in character” which are allowable as a business expense. with a CCA rate of 5%.
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