Prior to 1988, Canadas tax authorities permitted business meals and entertainment expenses to be fully deducted in

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Prior to 1988, Canada’s tax authorities permitted business meals and entertainment expenses to be fully deducted in calculating taxable income. Since then, the allowed deduction has been reduced to 50 percent of the expense. This affects those who incur such expenses as part of normal business activity. Evaluate this change in tax policy using the alternative criteria for horizontal equity.

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Public Finance In Canada

ISBN: 9781259030772

5th Canadian Edition

Authors: Harvey S. Rosen, Ted Gayer, Jean-Francois Wen, Tracy Snoddon

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