Which of the following items would be deducted in converting Net Income For Tax Purposes to Taxable Income? A deduction for the extra costs related to living in prescribed areas of the Canadian north

Taxation Dec 17, 2020

Which of the following items would be deducted in converting Net Income For Tax Purposes to Taxable Income?

 

		
A deduction for the extra costs related to living in prescribed areas of the Canadian north.



		
Current year business losses in excess of other positive sources of income.

		
A deduction for spousal support payments made during the year.





		
Current year allowable capital losses in excess of current year taxable capital gains.

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Current year allowable capital losses in excess of current year taxable capital gains.

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