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.
SUBJECT: LEGAL AND ACCOUNTING FEES SECTION: 60(0)]
DRAFT
- PRAIRIE PROVINCES TAX CONFERENCE MAY 19 & 20, 1992
QUESTION 6
Does Revenue Canada consider that legal and accounting expenses incurred in responding to a proposal letter from Revenue Canada, prior to an assessment, are deductible pursuant to paragraph 60(o)?
RESPONSE
As stated in paragraph 6 of IT99R4, it is the Department's practice to allow a taxpayer to deduct amounts expended in connection with legal and accounting fees incurred for advice and assistance in making representations after having been informed that the taxpayer's income or tax for a taxation year is to be revised, whether or not a formal notice of objection or appeal is subsequently filed.
J.D. Brooks
921121
957-2103
Apr 14/92
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