Generally speaking, golf dues and related memberships paid are not deductible for tax purposes. There is 1 major exception:
A deduction is allowed if you are an incorporated professional sports agent. The CRA ruling in regards to this is as follows:
- If you can PROVE to the CRA that the primary beneficiary of the incurred golf expense is the corporation and not yourself, you can deduct it (in this case, there will also be NO taxable benefit to you – the corporate employee)
- The deduction MUST be made by the corporation
- Meals incurred on the golf course can still be written off (50%)
The CRA is very strict on this matter. It is recommended, that unless this is a very material expense, it simply should not be done. If the CRA reviews or audits your file, this matter will be looked upon.
The information provided above corresponds with a tax case ruling in 2007.
The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.