Fore!
Posted Jun 8, 2011 12:38 pm.
This article is more than 5 years old.
Fore!
The National Allied Golf Association is teeing off on the Income Tax Act, with the hopes of changes that would allow the corporate community to write off days spent on the links with clients.
“When you get an accountant advising management of a business to take your client to some other form of entertainment — don’t take him golfing — when times are a bit tougher, you start to notice that,” says spokesman Jeff Calderwood, who notes the rules are different for NHL and CFL games. “That’s now the circumstance.”
“It becomes a penalty against the golf industry who are basically small business operators themselves and they have to compete with all other industries,” adds Calderwood. “We really can’t have the Income Tax Act being an unlevel playing field” (under) “that kind of a circumstance. We won’t to un-do that oversight and make sure that’s it’s not a disadvantage that prevents future growth in our industry.”
Calderwood says the golf industry just wants the same tax breaks other industries are getting, adding it’s estimated the industry employs 300,000 people across the country, generating $11 billion in economic activity.
