Info he was givenWith almost all cases where business/property losses are disputed by the CRA, the reason is based on the concept of reasonable expectation of profit. As mentioned above, there must be an intention to make a profit in order for these losses to be deductible. However, in many cases contested by the CRA, the intention is not enough; there must be a solid business case made that the business/property is capable of turning a profit. This is what is commonly referred to as “reasonable expectation of profits” test.