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New Member
posted Mar 31, 2021 11:31:23 PM

Can i use credit card statement as receipt for expenses?

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1 Replies
Level 3
Apr 4, 2021 2:28:08 PM

Hello,

 

The Canada Revenue Agency (CRA) expects the actual receipts for your business expenses rather than the bank or credit card statement. Because what a bank or credit card statement proves is that a payment was made—it doesn't verify the nature of the expense.

 

For more information, please visit the TurboTax blog: 

How to Document Meal and Travel Expenses