11 October 2013 APFF Roundtable, 2013-0495671C6 F - Déduction d'une partie d'une créance irrécouvrable -- summary under Subparagraph 20(1)(p)(i)

When asked how CRA's position - that a debt must be uncollectible in its entirety before it could qualify as a bad debt under s. 50(1) - could be reconciled with CRA's position that a partly bad debt could be deducted under s. 20(1)(p)(i), CRA first referred to the Hogan decision, and then stated (TaxInterpretations translation):

[T]he concept of debts in subparagraph 20(1)(p)(i) can refer to each account receivable of the taxpayer. Thus, following a diligent examination of the facts, certain of the amounts due by a customer can become uncollectible and these represent the portion of the debt which has become uncollectible.

On the other hand:

A debt can be eligible for the election under subsection 50(1) if it is uncollectible in its entirety at the end of a taxation year.

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