NAGA Applauds New Bill Aimed at Reducing Golf’s Tax Handicap
The National Allied Golf Associations (NAGA) is thrilled to announce the introduction of legislation designed to correct an unfair and outdated tax policy that hurts golf businesses. The bill, C-397, was introduced yesterday by Esquimalt—Juan de Fuca MP Randall Garrison and is entitled “An Act to amend the Income Tax Act (golfing expenses)”. To watch the official announcement, please click here.
Due to a 1971 tax reform, the Canada Revenue Agency does not currently allow deductions for expenses incurred by business people entertaining clients at golf courses. Canada’s golf courses, most of which are small business operators, are forced to compete on an uneven playing field for entertainment dollars. Over time, the unfairness of this discrimination against the golf industry has become more and more significant. Bill C-397 rights this wrong and provides greater tax fairness for Canada’s golf industry. Mr. Garrison has been a member of the Federal Government’s All Party Golf Caucus since the fall of 2011, and this bill is a great indicator on the Caucus’ dedication to Canada’s golf industry.
Earlier this week, local golf industry professionals and politicians formally recognized Mr. Garrison’s bill with a luncheon at Olympic View Golf Club, a golf facility in Victoria, BC. Attending NAGA representatives enthusiastically showcased their support for Mr. Garrison’s initiative, which is an important step in establishing greater tax fairness for Canada’s golf industry.
Due to a 1971 tax reform, the Canada Revenue Agency does not currently allow deductions for expenses incurred by business people entertaining clients at golf courses. Canada’s golf courses, most of which are small business operators, are forced to compete on an uneven playing field for entertainment dollars. Over time, the unfairness of this discrimination against the golf industry has become more and more significant. Bill C-397 rights this wrong and provides greater tax fairness for Canada’s golf industry. Mr. Garrison has been a member of the Federal Government’s All Party Golf Caucus since the fall of 2011, and this bill is a great indicator on the Caucus’ dedication to Canada’s golf industry.
Earlier this week, local golf industry professionals and politicians formally recognized Mr. Garrison’s bill with a luncheon at Olympic View Golf Club, a golf facility in Victoria, BC. Attending NAGA representatives enthusiastically showcased their support for Mr. Garrison’s initiative, which is an important step in establishing greater tax fairness for Canada’s golf industry.