Which of the following is a disallowed business expense pursuant to Section 19 of the Income...
Which of the following is a disallowed business expense pursuant to Section 19 of the Income Tax Act?
Choose the correct answer.
A.
Use of recreational facilities and dues
B.
Expenses incurred to earn income that is exempt from income tax
C.
Political contributions to a federal political party
D.
Advertising expenses paid to foreign media and directed to the Canadian market
Homework Answers
As per Section 19.1(1) of Income Tax Act of Canada , Advertising expenses paid to foreign media and directed to the Canadian market are not allowed as deduction from income.
Hence option D is correct answer.
Add Answer to:
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