Response from the CRA to FRIENDS regarding the deductibility of digital advertising expenses
May 25, 2017
In response to FRIENDS’ January 20, 2017 submission asking the CRA’s views as to whether section 19.1 of the Income Tax Act applies to deny expenses incurred by taxpayers to advertise on foreign internet websites, the Agency responded on May 25, 2017 that an amendment to the law would be necessary in order to apply the rules in section 19.1 to advertising on foreign internet websites.
- January 20, 2017 - Letter from FRIENDS to the requesting an updated technical interpretation of the Income Tax Act
- January 20, 2017 - Submission to the CRA for an updated technical interpretation on the deductibility of foreign Internet advertising
- Jun 15, 2017 — News Release: FRIENDS supports Heritage Committee’s local media prescription