Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.
MINISTER/DEPUTY MINISTER'S OFFICE 95-06622M
ADM'S OFFICE
RETURN TO 15TH FLOOR, ALBION TOWER
October 30, 1995
XXXXXXXXXX
Dear XXXXXXXXXX:
The Honourable David Anderson, Minister of National Revenue, has asked me to respond to your letter of September 12, 1995, addressed to XXXXXXXXXX in which you request further information concerning an article in a recent real estate publication which advertised a tax deductible cruise for realtors and investors.
The article states that an unnamed accounting firm confirmed the costs of this cruise to be tax deductible.
In the Department's view, expenses relating to the cost of the cruise itself would be personal and, therefore, not deductible. For real estate investors, the overall cost of the cruise including any seminars would not be deductible. For self-employed realtors, that portion of the cost that could be directly attributed to the seminar itself could be deductible. As a rule, expenses of attending a training course outside a taxpayer's general geographic locale are considered unreasonable to the extent that they exceed what they would have been had a similar course been attended locally, if available. The majority of the cost of the cruise would not be deductible under any circumstance.
I wish to thank you for bringing your concerns to the Department's attention.
Yours sincerely,
Pierre Gravelle, Q.C.
A.M. Brake
957-2133
October 13, 1995
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© Her Majesty the Queen in Right of Canada, 1995
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© Sa Majesté la Reine du Chef du Canada, 1995
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