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Canadian Business By Garth Turner Review Of 1987 Tax Changes
The piece argues that Mike Wilson’s tax reforms will favor employees over self employed workers, eliminating home office write offs unless space is exclusively used for business and the home is not the principal place of business. It notes 80 percent deductibility for meals and entertainment, and caps on capital cost allowance for cars over 20,000 dollars, with lease deduction limits likewise restricted.
MENTIONED IN THIS ARTICLE
Ottawa
Canada
Mike Wilson
Mikey
Wilson