TAX QUESTIONS? YOU ASK LAH!

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Q: If a company is giving condolence money to customer and the company’s name will be posted in newspaper, is the condolence money tax deductible? 

A: No, it is not tax deductible because it is not an advertisement, as it is not promoting your product or services.


Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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