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  3. an allowable business investment loss (abil) is __

An allowable business investment loss (ABIL) is _____________ Question 8 options: equal to two-thirds of...

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Accounting

An allowable business investment loss (ABIL) is _____________ Question 8 options: equal to two-thirds of a business investment loss (BIL) as defined in ITA 39(1)(c) a special type of capital loss that can be deducted from any source of income a special type of capital loss resulting from the disposition of shares or debt of a Canadian insurance corporation a special type of capital loss that can only be deducted against taxable capital gains

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