Précis: Mr. Dicosmo was a highly paid sales person. He claimed a variety of deductions in 2003, 2004 and 2005. He claimed roughly $100,000 in unreimbursed employment expenses (including roughly $40,000 in salaries paid to his wife and two children) over the three year period; CRA allowed roughly $9,000 of the claim. He claimed allowable business investment losses of $63,999, $22,000, and $39,500 for the 2003, 2004, and 2005 taxation years, respectively; CRA rejected the claim.
Dicosmo v. R. - TCC: Mixed bag of deductions denied to sales personREAD MORE »