Your client travels extensively with his company for work, to market new products throughout Canada. When your
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Question:
Your client travels extensively with his company for work, to market new products throughout Canada. When your client travels, they are typically out of town for more than 12 hours. Your client has provided you with the following info on income and expenses incurred, for 2020:
Base salary (per month) of: $2,450
Commission rate as a % of gross sales: 5%
Total commission income earned in the year: $36,000
Hotel and airfare expenses: $17,000
Out of town meals: $7,000
Entertainment meals: $4,000
Professional dues: $200
Notebook computer: $1,700
Required: Compute the total eligible expenses under section 8 of the ITA.
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