1102(1)(f)

NO: IT-148R3 DATE: July 21, 1997 SUBJECT: INCOME TAX ACT Recreational Properties and Club Dues REFERENCE: Paragraph 18(1)(l) (also subsection 13(7) of the Income Tax Act and subsection 1102(17) and paragraph 1102(1)(f) of the Income Tax Regulations) Application This bulletin cancels and replaces IT-148R2 dated June 2, 1981. Summary The Income Tax Act provides several restrictions and limits on the deductibility of outlays and expenses in computing income from […]