In response to a query regarding a client's ability to deduct expenses in a taxation year subsequent to the one in which they were incurred, CRA discussed Canderel and the matching principle, and then stated:
Where an expense creates both immediate benefits and future income, we generally take the view that the expense should be deducted in the year it is incurred.
Finally, you indicated that the purpose of the deferral of expenses to a subsequent taxation year is to avoid an assessment to your client based on the absence of a source of income. We confirm that the Act does not permit the deferral of expenses for such purposes.