Deduction for TOSI under 20(1)(ww)

A taxpayer can deduct an amount under paragraph 20(1)(ww) even if the taxpayer must include a taxable capital gain in income that is subject to TOSI but he or she can offset the gain with an allowable capital loss. STEP Round Table 2023, question 9 (Tax Topics no 2692 November 21, 2023).

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