Can You Write Off That Conference? Here's What the CRA Says

Описание: If you’re flying to another city (or country) for a conference or educational course, you might assume the entire trip is 100% deductible.

Not so fast.

In this video, I break down how the CRA actually looks at education and travel expenses, what “primary purpose” really means, and how to protect yourself before claiming it on your business income taxes.

We’ll cover:
• When course fees qualify as a business expense
• How to allocate airfare and hotels if you extend your stay
• Why meals are usually only 50% deductible in Canada
• What the CRA is really looking for: purpose, reasonableness, and documentation
• Why a tax write-off does NOT make something free

If you’re a Canadian small business owner, understanding the rules before you book the flight can save you stress later.

Have a tax or money topic you want covered? Drop it in the comments. If one person is wondering about it, someone else is too.

Hi, I’m Janet Mercredi, Your Profitable CFO, helping Canadian business owners create real profit, pay themselves consistently, and build businesses that fund their freedom.

⭐ PROGRAMS & COURSES

📌 From Shoebox to Spreadsheet™ ($27 + tax)
A CRA-aligned Google Sheet that turns your receipts into a clean, tax-ready Profit & Loss without using QuickBooks.
👉 https://members.jkmstrategies.com/sho...

📌 From Shoebox to Spreadsheet™ ($47 + tax)
A simple, CRA-aligned Google Sheet that turns your receipts into a clean, tax-ready Profit & Loss and tracks GST/HST and/or PST properly so you always know what you owe, what you’ve collected, and what’s safe to spend, without using QuickBooks.
👉 https://members.jkmstrategies.com/sal...

📌 Profit Points — 12 Profit Strategies That Increase Cash Fast ($497 + tax)
Learn the exact strategies I use with clients to increase profit without adding more clients or more hours.
👉 https://planyourprofitableexit.com/pr...

📌 Profit-Ready QuickBooks VIP Day ($697 + tax)A 3-hour 1:1 session where we set up your QuickBooks properly so you can manage your bookkeeping yourself with confidence, including bank feeds, chart of accounts, and sales tax setup for Canadian businesses.👉 Learn more: https://members.jkmstrategies.com/qbo...

📌 Your Profit Roadmap - Financial Clarity in 3 Weeks ($1000 + tax)A personalized 3-week Profit Roadmap for Canadian service-based business owners who want to know where their money is going and make confident decisions about pay and hiring.
👉 https://members.jkmstrategies.com/pro...

📌 Profit Accelerator — Build Your Cashflow System ($1500 + tax)
A complete self-paced program that walks you through building a high-performing cashflow system so you can finally pay yourself and grow a profitable business.
👉 https://members.jkmstrategies.com/pac...


📌 Profit Accelerator Plus - Install Profit First with Guided Support ($3,500 + tax)
👉 If you want help installing Profit First properly (without ongoing coaching), you can check out Profit Accelerator Plus here:https://members.jkmstrategies.com/pro...


⭐ FREE TOOLS

📌 Free Cashflow Forecasting Tool
A simple tool to map your starting bank balance, money coming in, money going out, and what’s left so you can plan with confidence.
👉 https://members.jkmstrategies.com/for...

📌 Free Profit Maximizer CalculatorFind out how much profit your business should be generating on your next sale.👉 https://planyourprofitableexit.com/pr...

📌 Free Debt Reduction CalculatorMap out exactly how fast you can get out of debt using the debt snowball method.👉 https://planyourprofitableexit.com/de...

📌 Book a Profit Strategy SessionIf you want clarity on your numbers and a plan that actually works, let’s talk.👉 https://planyourprofitableexit.com/co...


VIDEOS TO WATCH NEXT ⬇️

Profit First Revealed: The Stage Most Business Owners Skip    • Profit First Revealed: The Stage Most Busi...  

Debt Payoff Strategy: One Debt vs All Debts    • Debt Payoff Strategy: One Debt vs. All Debts  


#bookkeeping #bookkeeper #profitfirstprofessional #mikemichalowicz #profitfirstsystem #smallbusinesstips #profitfirst #cashflowmanagement #profitfirstsystem #profitfirstbook #businessgrowth #budgetwithme #financialfreedom #moneymanagement #businessstrategy #businessstrategycoach #maximizeyourprofits #businessdevelopment #boostyourprofits #smallbusinessbookkeeping #budgetingtips