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View Pierre Nantel Profile
Ind. (QC)
View Pierre Nantel Profile
2019-06-03 17:59 [p.28442]
Mr. Speaker, I am happy to hear that. I will ask the member to slow down a bit and to find an answer to my question. Why is the government not closing the section 19 loophole?
Allow me to explain. Under section 19, a Canadian advertiser can advertise in an American magazine, but this expense will not count as an operating expense for advertising come tax time. This expense is not allowed because the advertiser is not advertising in Canadian media. However, section 19 does not currently specify that these ads must be bought on Canadian online media in order to be considered an eligible expense.
Why is the government not doing this?
Everyone knows that this is a big problem. Everyone also knows that if the government closed this loophole, Canadian advertisers would probably spend less on American platforms and more on Canadian ones. It is not complicated. This would obviously bring in more money for the government.
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