identity 2 issues or risk for each case

1) Alberta Products Elise Brin recently purchased Gifts Galore, a distributor of crafts and gifts to retailers in the Muskoka region of Ontario, Canada. A store in cottage country was what Elise had dreamed about her whole life. She knew the season was short but with all the wealthy families arriving in a couple of months she felt very secure. After three months of operations, Brin's supplier called very upset because his bank had returned Brin's last two cheques to him as NSF (meaning not-sufficient funds).He demanded that Bring personally bring him the $800 owed in cash and said he would no longer ship orders to her until her cheques had cleared the bank (about a week's time). Her accountant had called, and she had an income tax bill of $4,210. Brin did not know what had gone wrong since she was certain the business had been operating at a profit.

2) On October 1, 20X1, Spud Inc. signed a lease for new office space. The contract gives Spud Inc. the use of the space for four years with the option of renewing the lease for two additional three-year periods. In November, 20X1 Spud Inc. spent $84,000 renovating the office space. In February, 20X2 an additional $30,000 was spent on leasehold improvements. Spud Inc. has a December 31 year end.

I am totally lost - as I was told by my banker that I cannot write off these costs? It is true?

What is my write off?

Here is my notice of assessment from CRA showing that I have unused allowable capital losses of $20,000 from (20X1) the first year of operations.