Section 67.6

See Also

Chow v. The Queen, 2011 DTC 1196 [at 1088], 2011 TCC 263

V.A. Miller J. found (at para. 27) that the seizure of approximately $110,000 of proceeds of drug trafficking at the taxpayer's apartment did not...

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Administrative Policy

26 June 2020 External T.I. 2017-0688121E5 F - Déductibilité des intérêts et pénalités imposées sur les taxes foncières

After indicating that “interest charged on an unpaid balance of property taxes will be deductible if the property taxes themselves are...

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Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Income-Producing Purpose interest on municipal taxes incurred as a business expense is deductible 49
Tax Topics - Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(b) - Capital Expenditure v. Expense - Financing Expenditures interest paid on property taxes incurred as a business expense is itself deductible 36

Example 2

…In order to comply with its prescribed emission limit for a particular year, X Corp. purchases carbon offset credits. Such credits are...

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10 July 2012 External T.I. 2012-0404711E5

administrative penalties imposed under Alberta's Climate Change and Emissions Management Act, which can only be settled in cash, are not...

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