Posted on October 2nd, 2024 in Domestic Tax, Not-for-Profit, Tourism & Hospitality
In a recent Tax Tip, CRA stated that an acceptable receipt for income tax purposes must contain all of the following:
Credit card statements are not generally acceptable unless they contain all the above information.
To avoid disputes when claiming deductions, ensure that receipts contain all the required information.
Article originally published in: Tax Tips & Traps 2024 Third Quarter – Issue 147.
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