Question
Question 4 [20 marks]: Describe how advertising expenses will not be allowed to be deducted for tax purposes and when the advertising expenses can be
Question 4 [20 marks]: Describe how advertising expenses will not be allowed to be deducted for tax purposes and when the advertising expenses can be allowed to be deducted? Explain the motivation for the Canadian government in putting this advertising expenses guidance in the tax act. [Not less than 60 words: Not less than 1 reference] Explain the circumstance when life insurance premiums are not deductible for tax purposes [Not less than 30 words: Not less than 1 reference] Explain the circumstance when commission expense or legal expenses are not deductible for tax purposes [Not less than 50 words: Not less than 1 reference] Explain the circumstance when interest and property taxes are deductible for tax purposes [Not less than 50 words: Not less than 1 reference]
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