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toto2378
New Member

Can i use credit card statement as receipt for expenses?

 
1 Reply

Can i use credit card statement as receipt for expenses?

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