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What is a Convention, and why is it important to document it correctly?

Currently you have no opportunity for you to attend an organized convention by an association, group or franchise. Now you can attend your own small self-directed convention retreat. The Canada Revenue Agency encourages you too; twice a year. Defined as 'a group of meetings applied to an agenda that is specifically designed for your business and discussions all about your business.' Now, traveling away from the day-to-day activities of your business off-site, for the betterment of the business, is possible and deductible! 

Enjoy the tax deductions awarded to your business. When you become a Subscriber to or and utilize the Communicate Too tool, your attendance, your participants attendance and the discussions that occurred are recorded and stored. As a member, we not only support your business objectives but we assist you have all the necessary documentation to support the criteria for your convention travel expense claims as defined by Revenue Canada below.

- held by a business or professional organization

- attended in connection with the taxpayer's business or professional practice, and

- held at a location that may reasonably be regarded as consistent with the territorial scope of the organization.

Communicate Too

With the Communicate Too online platform, we make sure that you have all the necessary paperwork to support your expense claim for the deduction. Rest assured that the report provided is tax law considered. We now represent you and your business to help ensure you qualify for the deduction. Learn more about the Convention deductions here - Link to the IT131R2 - Convention Expense

Attendance at the Convention

You must attend your own convention for the betterment of your business and a reasonable amount of your day must be devoted to your convention meetings.

Tax Advisors

Contact us for assistance in locating an advisor specific to your needs.

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