27 January 2011 External T.I. 2010-0380081E5 - Trailing commissions -- summary under Eligible Capital Expenditure v. Expense

In response to a query as to whether a payment made for the transfer of brokerage clients in respect of whom trailer commissions were being received would be a deductible payment, CRA stated:

Costs incurred for the creation or the expansion of a commercial structure are considered to be on capital account as this type of expenditure gives rise to an asset of an enduring nature. A capital outlay to acquire a customer list for use in a business of a taxpayer in most cases qualifies as an eligible capital expenditure.

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