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]
Question 4 [20 marks]: Describe how advertising expenses will not be allowed to be deducted for tax purposes and when th
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