Which of the Following Expenses Would Be Denied as a Deduction

question 2

Multiple Choice

Which of the following expenses would be denied as a deduction as per the provisions of the Canadian Income Tax Act?

• A)Maintenance fees on a yacht at Yellow Yacht Leasing Inc.
• B)Legal and accounting fees incurred during the construction of a building.
• C)Advertising costs in a non-Canadian newspaper directed at an American market.
• D)Work space in a home used as a taxpayer's principal place of business.

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Definitions:

Biases

Prejudices in favor of or against one thing, person, or group compared with another, usually in a way considered to be unfair.

Active Listening

A communication technique involving fully concentrating, understanding, responding and then remembering what is being said.

Speaker

The person who delivers an oral presentation or speech to an audience.

Critical Listening

Critical listening involves evaluating the arguments or points being made by a speaker and assessing their validity, logic, and persuasiveness.