Wednesday, June 20, 2007

A little dazed

T: I don't understand this section of the ITA. It says I'm supposed to determine the amount by which the total of taxable capital gains for the year from dispositions of property exceeds the amount by which allowable capital losses for the year from dispositions of property exceeds the allowable business investment losses for the year. You see, I think it's the multiple use of the word "exceeds" that is confusing me.

H: (standing in the door, glassy-eyed and holding a plate of catfood) Mush?

No comments: