Concept

Permissive Deductions

Chopp v. R., 98 DTC 6014, [1998] 1 CTC 407 (FCA) / CRA restricts taxpayer requests to revise permissive deductions

"CRA has issued a new Circular to replace Information Circular IC75-7R3 Reassessment of a Return of Income and Information Circular IC84-1 Revision of CCA Claims and Other Permissive Deductions, both dated July 9, 1984.\n\nCRA refers to examples of permissive deductions as including CCA, SR&ED deductions and CEE, CDE and COGPE deductions; whereas deductions that are not considered permissive include charitable donations or other amounts that reduce taxable income rather than net income, tax credits and reserves, such as the capital gains reserve under s. 40(1)(a)(iii)."

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  • Partnership AdjustmentsChopp v. R., 98 DTC 6014, [1998] 1 CTC 407 (FCA) · CRA restricts taxpayer requests to revise permissive deductions
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Permissive Deductions | Chopp v. R., 98 DTC 6014, [1998] 1 CTC 407 (FCA) | Bifalgorithm | Bifalgorithm