Are the cost of golf shirts and hats offered to clients as promotional items deductible?
“Yes,” says Lieberman. “These would be 100 per cent deductible as normal advertising and promotion expenses.” If I take a client as a guest with me to watch a golf tournament, such as the Canadian Open, can I claim it as a deduction? “This situation would fall under the same rules as business-related hospitality, such as meals and refreshments,” Lieberman says. “Therefore, 50 per cent of the expense may be deducted, providing it is for business purposes and the appropriate documentation is provided.” If I play in a charity golf tournament, can my business or I get a tax receipt? “Yes, but the amount is restricted,” explains Lieberman. “For example, if you pay a $100 entry fee and $60 of that goes toward green fees and the remaining $40 goes to charity, the donation receipt should be for $40.” If my business donates a gift to a charity golf tournament, is that amount deductible? “Yes, the cost of the gift or its fair market value is 100 per cent deductible,” says Lieberman. “For example
