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My company which is an incorporation, has a question that if we gave away a promotional gift (a cheque value at 10K) to drive business, is it deductible?

My company which is an incorporation, has a question: "If a business owner gave away a promotional gift (a cheque value at 10K) to drive business (requiring the applicants of the giveaway to like, share, subscribe, etc. to our page or something like that), is this deductible?
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My company which is an incorporation, has a question that if we gave away a promotional gift (a cheque value at 10K) to drive business, is it deductible?

Contact our Intuit Profile team who deal with corporate taxes.

 

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