A business maintains a policy of providing memberships for senior employees at social clubs and clubs with

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A business maintains a policy of providing memberships for senior employees at social clubs and clubs with sporting facilities. In some circumstances, such memberships are provided mainly to improve the business contacts of the employers; in others, they are provided solely as compensation. Explain the tax treatment of this kind of expense. In your answer, refer to the general rules for determining income from business.
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Canadian Income Taxation Planning And Decision Making

ISBN: 9781259094330

17th Edition 2014-2015 Version

Authors: Joan Kitunen, William Buckwold

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