Overturned Reassessment Denying Business Expenses
August 05, 2021
Case Background: The taxpayer was a musician who performed with his band which was formed in early 2010. Since he incurred significant expenses including: rehearsal space, advertising, and musical supplies; he claimed these as business expenses. He was audited by the Canada Revenue Agency (CRA). After his reassessment was completed, the CRA disallowed all the […]