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  • Jul 13th, 2017 2:11 pm
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[OP]
Jr. Member
Aug 23, 2016
121 posts
14 upvotes

Gift Card Expense

Hello I'm a sole proprietor and was wondering if I was purchase a gift card for one client as a thank you for some referrals they provided, am I able to expense that cost?
4 replies
Deal Addict
Oct 7, 2007
2754 posts
532 upvotes
I would recommend googling gifts and gift cards on the Canada Revenue Agency website. I seem to recall seeing some detailed info on gifts on the CRA website. Gift cards might be thought as cashlike and may require special treatment.
Sr. Member
User avatar
Dec 13, 2016
623 posts
467 upvotes
How do you declare a gift card?.
Who's to say you just didn't get a gift card for yourself?

Question for experienced members, not op.
[OP]
Jr. Member
Aug 23, 2016
121 posts
14 upvotes
I will check out the CRA website and see what I have come up with.
Deal Addict
User avatar
Dec 30, 2007
4014 posts
312 upvotes
im going use your thread for my question, hope u dont mind.

We buy gift cards for our employees to buy supplies, at the end of the year do we use the receipt they give us as the expense or the actual purchase of the card?

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