[Verse 1]
Sarah takes a client out to lunch today
Discussing projects over soup and cake
The bill comes to a hundred dollars flat
But wait, there's more to know about this tax fact
[Chorus]
Fifty percent rule, cut it right in half
Business meals and dining, do the math
Client lunches, prospect talks, and travel food
Split it down the middle, that's the rule that's good
Fifty percent rule, remember what I say
Half goes to deductions, half you have to pay
[Verse 2]
Flying out to Calgary for business trips
Airport meals and dinners count as this
Working lunch with contractors you hire
Team meals with your staff, the same applies here
[Chorus]
Fifty percent rule, cut it right in half
Business meals and dining, do the math
Client lunches, prospect talks, and travel food
Split it down the middle, that's the rule that's good
Fifty percent rule, remember what I say
Half goes to deductions, half you have to pay
[Bridge]
Not the full amount, not nothing at all
Right down the middle when tax time calls
Business development or collaboration
Half deductible across the nation
[Verse 3]
Keep your receipts and document the why
Business purpose, date, and who was by
Entertainment meals follow the same way
Fifty percent off on your tax day
[Chorus]
Fifty percent rule, cut it right in half
Business meals and dining, do the math
Client lunches, prospect talks, and travel food
Split it down the middle, that's the rule that's good
Fifty percent rule, remember what I say
Half goes to deductions, half you have to pay
[Outro]
When you wine and dine for business gains
Remember fifty percent remains
Half the cost is all you get to claim
That's the rule, it's always the same