16 February 2024 External T.I. 2023-0984301E5 - Code 5 - Reducing inclusion under para 12(1)(x) -- summary under A

Capital expenditures (as opposed to current expenses) made by a company related to the construction of new affordable housing, or in converting existing buildings into affordable housing, would be part of the capital cost of such depreciable property; whereas fully deductible expenses could include landscaping under paragraph 20(1)(aa), investigation costs under paragraph 20(1)(dd), disability related modifications to buildings in accordance with paragraph 20(1)(qq), salary and certain repairs and maintenance under subsection 9(1).