User Don't Go Bacon My Heart is a Canadian-controlled private corporation (CCPC) with a December 31 year end. During the tax year, they incurred $40,000 of meals and entertainment expenses related to a holiday party where all employees were invited. There were no other meals and entertainment expenses incurred during the year. The company spent $100 per employee and did not include this as a taxable benefit on their employees' paycheques. Use the CPA way and assess whether the $40,000 of meals and entertainment expenses are deductible in calculating net income for tax purposes (NIFTP)