Which of the following expenses would be denied as a deduction as per the provisions of the Canadian Income Tax Act?
A)Maintenance fees on a yacht at Yellow Yacht Leasing Inc.
B)Legal and accounting fees incurred during the construction of a building.
C)Advertising costs in a non-Canadian newspaper directed at an American market.
D)Work space in a home used as a taxpayer's principal place of business.

Question

Quizplus · Accepted Answer

The Answer of Which of the following expenses would be denied as a deduction as per the provisions of the Canadian Income Tax Act?
A)Maintenance fees on a yacht at Yellow Yacht Leasing Inc.
B)Legal and accounting fees incurred during the construction of a building.
C)Advertising costs in a non-Canadian newspaper directed at an American market.
D)Work space in a home used as a taxpayer's principal place of business.

Which of the Following Expenses Would Be Denied as a Deduction