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Unformatted text preview: Other travel (4,150) Total 8(1)(f) (12,678) is <$14K therefore entire amount is deductible Omitted items: • Income tax withheld is not listed as an allowable deduction under s.8 therefore amount is not deductible. • Employer RPP contributions not a taxable benefit since it is specifically excluded under 6(1)(a) • Employee premiums of group disability $250 not deductible until year benefit is received • Employer contribution to group disability plan $250 is not taxable since it is specifically excluded under 6(1)(a) • Employee payment of life insurance premiums are not listed as an allowable deduction under s.8 therefore $450 not deductible • Purchase of bonds is a capital expenditure therefore not deductible • Palm Pilot – non-cash gift <$500 not included in income • Fitness membership not a taxable benefit IT470R...
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- Summer '09
- Capital Expenditure, Expense, Operating expense