A fundamental principle of Canada’s tax legislation is that an expenditure should only be deductible if it was incurred for the purposes of gaining or producing income. It holds then that expenditures that are personal in nature can’t be claimed against one’s income. While that sounds simple and straightforward in theory, real life has a
David Clarke, Principal
David holds a Bachelor of Commerce degree from Ryerson University, received his CGA designation in 1999 and recently received his CPA designation. David is a member of the Chartered Professional Accountants of Ontario.
David practices in the areas of assurance, taxation and business advisory and works primarily with owner-managed businesses across various industries. During his 27-year career at Hogg, Shain & Scheck, David has been involved in a large spectrum of business advisory engagements including due diligence, turn around management, insolvency and part-time controllership. He provides our clients with a wealth of knowledge in accounting, auditing, taxation and practical business experience. David is committed to developing long-term professional relationships with all his clients by taking a personalized approach, understanding their needs and expectations, and providing practical and cost effective solutions.
David volunteers his time as Treasurer of KC’s Cancer Cushion Fund Trust registered charity.
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