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2 According to Revenue Canada gb.mn-hmuoiymmga: w duct for profit or with a reasonable 9 expectation of profit. A business ; And when does it stort? ; What is a business? YOU WERE ASKING...> a. When does a business stert? Can I deduct the costs I incur before and durâ€" ing the start of a business? A. Revenue Canada looks at each Therefore, business income inclucdies income from any activity you conduct for profit or with a reasonaible expectaâ€" Aion of profit. For examiple, income from a service business is business income. Note that you do not include employment income as business GREAT STEAK SALE * An adventure or concern in the medm.uanmu.m Interpretation Bulletin Tâ€"459, Advenâ€" ture or Concern in the Nature of "IT‘S UNBELIEVABLE®" Reservations Recommended 893â€"6570 at the Charcoal Steak House 2980 King Street at Fairway Rd. Kitchener An undertaking of any kind: and NOT EVERYONE‘S EXCITED ABOUT IT! RIB STEAK 12 oz. or NEW YORK STRIP 10 oz. Financial Planner With baked potato and fresh vegetables °nly12o95 TBE WID EM a ns It‘s On... cuomhovmmm,uy consider that a business starts whenâ€" ever you begin some significant activâ€" ity that is a regular part of the hmu,afimtmbwtm n;:n.m. S s or example, suppose you decide start a merchandising business and you buy enough goods for resale to start the business. At this point, Revâ€" mCamuwmfld_mnufln btmrmmemMy deduct expenses you have incurred to date to earn the business income. You could still deduct the expenses even i. despite all your efforts, the business wound up failing. On the other hand, assume you review several different business prospects in the hope of going into a business of some kind. In this case, Revenue Canada would not conâ€" mmmmmm,m you could not deduct any of the costs you incur. For more details about the start of a business, see Revenue Canada, Canmanamamqu:aa- tions, Interpretation Bulletin ITâ€"364. The 1997 All Wheel Drive I egacy GT SedanAor_Wagon A New Legacy Managing the world‘s the heck is Levesque Securities? Simply one of the oldest investment firms in Canada. in ids l c ied shc h hicicc k n snn i hoii anana ul alaaeelaicant n hn aidie s dhvoe e Nitenabiaisi We have nearly a century of suecess under our beits. The major factor to consider when choosing your team of investment advisors is a successful (519) 742â€"9991 Fax: 741â€"0781 Call Chris or Brian 180 King St. S., Allen Square, Suite 340 Waterloo ON + N2J 1P8 MHHNAiihaii . ccapmmenmememstsnman mmnsnnnoiBPriremmamneinemsamecncen,, Pm mersin Sn Venss CCOAMiRemnnvew If you have your sights set on the next century, call us today, Wa‘ll be there for you. That‘s an enviable claim â€" one few of our comâ€" petitors can make. HOBmiabitie 20 P emmemamesimes I resist the story of a t y De is reveale is, each f ed * Red for