Can gift cards for kids for snow removal be written off for a income property?

August 26, 2010 by admin · 3 Comments
Filed under: Canada 
gift cards
purplelurcher asked:

Canadian answer please. For example – I give them gift cards for DVD rentals. I am repsonsible for removing the snow of my rental income properties.
SO does that mean that the following is incorrect?…..Yes, it would probably be considered an advertising or goodwill expense.

You should try to have some sort of record on what you gave to whom, just in case they ask. If you can also show purchase of gift baskets, for instance, that would help.

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