Travel meals vs Meals and Entertainment expenses

Tax Topics
1

A corporate taxpayer has categorized some meals in the Meals and Entertainment category and some in Travel meals.

According to the CRA travel meals belong in the category of Travel expenses on line 9200.
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partnerships/report-business-income-expenses/completing-form-t2125/line-9200-travel.html
The link is for T2125 and this scenario is for an incorporated business but the GIFI code is 9200 as well on the T2.

  • The 50% limit applies to the cost of meals.

My question is do others enter these travel meals on line 9200 or group them with on line 8523 Meals and entertainment?

2

If the 50% limit applies, I group them with line 8523.
That way the 50% is automatically calculated on Schedule 1.

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3

On the financial statements I group them with Travel, and on the GIFI i use the meals and entertainment code 8523 for the automatic calculation.

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