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With respect to the calculation of net income ( ITA 3 ) , which of the following statements is NOT correct? Business losses can be
With respect to the calculation of net income ITA which of the following statements is NOT correct?
Business losses can be netted against employment income in determining the positive amounts to be included under ITA a and b
Allowable capital losses for the year can only be deducted to the extent of taxable capital gains for the year.
Subdivision e deductions are subtracted from the total of all positive sources of income.
Property losses can only be deducted after the subtraction of Subdivision e deductions.
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