Paragraph 18(1)(a) of the Act provides that no outlay or expense may be deducted from the income of a taxpayer unless it was made or incurred for the purpose of gaining or producing income from a business or property. The purpose of an expenditure is a question of fact to be decided with due regard to all of the circumstances: Symes v. Canada, 1993 CanLII 55 (SCC), [1993] 4 S.C.R. 695 at page 736.
"The most advanced legal research software ever built."
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.