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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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This note was uploaded on 03/25/2011 for the course ADMS 3520 taught by Professor S during the Summer '09 term at York University.
- Summer '09