In the current year SPL Ltd. paid tax-free automobile allowances of 53 per kilometre to two of
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Comment on the deductibility of the car allowance for SPL Ltd. Income tax reference: ITA 18(1)(r).
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Since the car allowances are taxfree to the employees SPL Ltd is subject to a deduction limit of 0...View the full answer
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Related Book For
Canadian Income Taxation Planning And Decision Making
ISBN: 9781259094330
17th Edition 2014-2015 Version
Authors: Joan Kitunen, William Buckwold
Question Posted:
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