How do I claim expenses that were given as gifts to clients an advertising or promotional expenses that were not meals or entertainment? I read on a turbotax tip that "In some cases, you may also be able to claim 100 percent of the cost of client gifts as an advertising or promotional expense", however, doesn't tell me where to put these expenses. There is an 'other expenses' but references to conferences and 'other related expenses". These gifts were also handmade, as my business is handmade so there are no receipts for them.
As per Canada Revenue Agency (CRA): Advertising and Promotion: You can deduct expenses for advertising and promotion, including amounts you paid for business cards, promotional gifts, and advertisements. You are right you can claim it to 100% percent of the cost of client gifts. Please enter this amount on Line 8520 of form T777 Statement of Employment Expenses.
If you require further assistance please contact our phone support team or contact us directly on Facebook or Twitter.
mariocarranca
Level 1
dioria
Level 2
dioria
Level 2
loadpoi
Returning Member
janellem10000
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.