Concept
B(c Reduction
Chopp v. R., 98 DTC 6014, [1998] 1 CTC 407 (FCA) / CRA comments on a s. 17(1) inclusion under a s. 17(2) B2B loan and the partially offsetting FAPI deduction under s. 17(1) – B(c)
"The inclusion under the Deemed Loan could be reduced under s. 17(1) – B(c) by the amount of interest on Loan 2 included in computing Canco's income under s. 91(1), net of any related expenses."
Related Ideas
- Interest ReductionDeyab v. Canada, 2020 FCA 222 · CRA comments on a s. 17(1) inclusion under a s. 17(2) B2B loan and the partially offsetting FAPI deduction under s. 17(1) – B(c)
- Subsequent YearDeyab v. Canada, 2020 FCA 222 · CRA comments on a s. 17(1) inclusion under a s. 17(2) B2B loan and the partially offsetting FAPI deduction under s. 17(1) – B(c)
- Deemed LoanDeyab v. Canada, 2020 FCA 222 · CRA comments on a s. 17(1) inclusion under a s. 17(2) B2B loan and the partially offsetting FAPI deduction under s. 17(1) – B(c)