The costs of attending a maximum of two conventions per year may be deducted when determining net business income if the convention held during the year by a business or professional organization at a location that is consistent with the territorial scope of the organization. Reference: ITA 20(10)

Conventions expense Flashcards by Sharon Chung

Conventions expense

The costs of attending a maximum of two conventions per year may be deducted when determining net business income if the convention held during the year by a business or professional organization at a location that is consistent with the territorial scope of the organization.

Reference: ITA 20(10)

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Conventions expense Flashcards

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