Are personal meals expenses incurred while travelling on business fully deductible?

Allan Madan, CA

Nov 12, 2013

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Meal expenses are not fully deductible even when incurred during business travel. 50% of the lesser of the following two amounts can be claimed for meal expenses:

Amount spent
Amount that is reasonable in the situation

Disclaimer

The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.

ABOUT THE AUTHOR

ALLAN MADAN

CA.CPA.CGA

Allan Madan is a CPA, CA and the founder of Madan Chartered Accountant Professional Corporation. Allan provides valuable tax planning, accounting and income tax preparation services in the Greater Toronto Area.

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