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n Tax Breaks Newsletter - Make sure your business expenses are tax deductible : income tax

Volume 2009, Issue 282
  • ISSN :
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Abstract

A common bar to the deductibility of expenditure is the Income Tax Act requirement that the expenditure must be "in the production of income". For expenditure to be considered "in the production of income", it must be expended for the purpose of producing an income that is taxable and not exempt.

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/content/montb/2009/282/EJC78565
2009-07-01
2016-12-10

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