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Originally Posted by MoneyGuy
I know there are folks here who employ their spouse so a little tax tip for you. You can do this for any employee but it's particularly useful when your spouse works for your business.
You can buy an employee one gift per year up to, I think, $200 value. Buy a gift for your spouse and you can deduct it and he/she gets a tax-free item.
I do this every year with my wife, who works in my office. Set of earrings, check. Westjet voucher for an upcoming trip, check. Chapters gift card, check. Best not to give a restaurant gift card as food and entertainment are only half deductible.
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Great tip, thanks. Does this also work for yourself if you own a company? Can I buy myself a gift?