7 December 2009 External T.I. 2009-0349861E5 F - Déduction pour mauvaise créance -- summary under Subparagraph 20(1)(p)(i)

Interest was included in the taxpayer’s returns for 2004, 2005, and 2006 taxation years that was not due until November 2009, but which amount was not received. As per its summary, CRA indicated that, generally, the taxpayer will be able to claim a deduction under s. 20(1)(p) for 2009.