Safe Income Calculation – Treatment of Non-Deductible Expenses

Safe Income Calculation – Treatment of Non-Deductible Expenses As indicated in the discussion under the heading “Safe Income Calculation – the Kruco Case” in Income Tax Technical News #34, the decision of the Federal Court of Appeal (FCA) in The Queen v. Kruco Inc. [Footnote 1] caused a great deal of uncertainty concerning the continued validity of many of the CRA’s guidelines […]