Canadian Biz Owner Can't Deduct Loan Losses, Tax Court Rules
By David Hansen · September 7, 2021, 7:00 PM EDT
A pipeline businessman cannot deduct CA$13.5 million ($10.7 million) he made in bad loans as business losses because his lending did not qualify as a commercial business under Canadian law, the...
To view the full article, register now.
Try a seven day FREE Trial
Already a subscriber? Click here to login