Bifalgorithm post · Une erreur comptable peut-elle entraîner un impôt supplémentaire? · 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)

B(c Reduction

B(c Reduction (Une erreur comptable peut-elle entraîner un impôt supplémentaire? · CRA comments on a s. 17(1) inclusion under a s. 17(2) B2B loan and the parti…

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  • Reduction of the Deemed Loan inclusion
  • The inclusion may be reduced under s. 17(1)–B(c)
  • Reduction amount: interest on Loan 2
  • The interest is included in computing Canco's income under s. 91(1)
  • The reduction is net of related expenses
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B(c Reduction

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Une erreur comptable peut-elle entraîner un impôt supplémentaire?

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"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."

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