Which of the following items would be deducted in converting Net Income For Tax Purposes to Taxable Income?
A)A deduction for spousal support payments made during the year.
B)A deduction for the extra costs related to living in prescribed areas of the Canadian north.
C)Current year allowable capital losses in excess of current year taxable capital gains.
D)Current year business losses in excess of other positive sources of income.

Question

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The Answer of Which of the following items would be deducted in converting Net Income For Tax Purposes to Taxable Income?
A)A deduction for spousal support payments made during the year.
B)A deduction for the extra costs related to living in prescribed areas of the Canadian north.
C)Current year allowable capital losses in excess of current year taxable capital gains.
D)Current year business losses in excess of other positive sources of income.

Which of the Following Items Would Be Deducted in Converting