Words and Phrases - "compensate"
21 February 2025 Internal T.I. 2021-0902871I7 F - Déduction de frais de repas
a vendor’s disclosing on its invoices the amount of meal allowances paid to its sales people transferred the 50% s. 67.1 denial onto the purchasers
The taxpayer, which sold its manufactured goods for a fixed price payable in instalments, paid reasonable meal allowances to its employees for...
Locations of other summaries | Wordcount | |
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Tax Topics - Income Tax Act - Section 67.1 - Subsection 67.1(1) | purchaser was subject to 50% limitation on meal allowance amounts disclosed on the vendor’s invoices | 270 |