Income from Business - Canadian ITA

Random Miscellaneous or Canada Quiz

Can you name the Income for Business - Canadian ITA?

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HintAnswer
20(1)(p) allows deductions for
Basis of Inventory Valuation
12(1)(l) requires inclusion of
18(1)(r) restricts deductions for
18(1)(b) restricts deductions for
20(1)(e) allows deductions for
Revenue from sale of inventory is considered:
12(1)(d) and (e) requre inclusion of
Which section will you find the 50% rule for meals and entertainment
20(1)(b) allows deductions for
18(1)(h) restricts deductions for
20(1)(f) allows deductions for
18(1)(e) restricts deductions for
18(12) restricts deduction for
9(2) requires inclusion of
67 restricts deductions for
18(9) restricts deduction for
20(16) allows deductions for
20(10) allows deductions for
HintAnswer
Expenses incurred to earn commission are limited to
20(1)(e.2) allows deductions for
20(1)(a) allows deductions for
18(1)(n) restricts deductions for
Revenue from sale of capital asset is considered
18(1)(f) restricts deductions for
The amount recognized as income in a barter transaction is equal to
20(1)(c) and (d) allows deductions for
Inclusion rate for a capital gain
9(1) requires inclusion of
18(1)(t) restricts deductions for
20(1)(aa) allows deductions for
20(1)(l) - (p) allows deductions for
18(1)(c) restricts deductions for
9(3) requires inclusion of
Cost formula that is disallowed
20(1)(z) allows deductions for
18(1)(l) restricts deductions for

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Created Nov 12, 2010ReportNominate
Tags:Canada, Nintendo, business, income