Miscellaneous Quiz / Income from Business - Canadian ITA

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Can you name the Income for Business - Canadian ITA?

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

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