Travel & Entertainment Expense Recapture & Reporting
Canadian corporate tax departments often face challenges when determining GST/HST/QST input tax credits/refunds related to travel and entertainment expenses. There are significant administrative requirements along with various complexities.
DMA has created a proprietary expense reporting system, Travel & Entertainment Expense Recapture & Reporting. This system properly categorizes expense items and captures the correct amount of GST/HST/QST input tax credits/refunds. In addition, it correctly calculates recapture amounts on expenses subject to Ontario and British Columbia’s recapture rules. The system is user-friendly and addresses specific rules for all Canadian provinces. In addition, the reporting feature is simple to use and provides all details needed to ensure recoverable amounts are maximized and recapture amounts are recorded.