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Taxable income

  • Published by Jill Bishop,

In assessing the income loss of a business owner, will “written off” personal expenses be considered? Taxable income alone won’t usually tell the full story of the financial benefit of the business. In a BC Supreme Court decision released this

  • Published by Jill Bishop,

I run a business and am able to write off many quasi-personal expenses for tax purposes. I also write off work done by my kids as contractor expenses even though I didn’t actually pay them. Clearly my earning capacity is