Similarly, you can also be assessed a taxable shareholder benefit for the personal use of a corporate-owned asset. That’s exactly what happened in a recent tax case involving a Vancouver Island couple, their corporation and the use of a boat.
The couple operated their business together. The husband did all the steering of the boat, and his wife acted as a bookkeeper, paying suppliers and balancing bank statements. Today, the business is mostly run by the couple’s children and their families.Article contentTax Court Judge The boat was also used to travel to, attend and entertain at boat shows in British Columbia and Washington, which the couple considered key to their business and at which they rented booths for their marina.Article content
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CRA has no business telling people how to run their business, judge says in corporate tax caseA judge reminded the CRA that it isn\u0027t allowed to second\u002Dguess a business\u0027s marketing strategy, writes Jamie Golombek. Read more.
Source: VancouverSun - 🏆 49. / 61 Read more »
CRA has no business telling people how to run their business, judge says in corporate tax caseA judge reminded the CRA that it isn\u0027t allowed to second\u002Dguess a business\u0027s marketing strategy, writes Jamie Golombek. Read more.
Source: calgaryherald - 🏆 64. / 52 Read more »
CRA has no business telling people how to run their business, judge says in corporate tax caseA judge reminded the CRA that it isn\u0027t allowed to second\u002Dguess a business\u0027s marketing strategy, writes Jamie Golombek. Read more.
Source: OttawaCitizen - 🏆 21. / 68 Read more »
CRA has no business telling people how to run their business, judge says in corporate tax caseA judge reminded the CRA that it isn\u0027t allowed to second\u002Dguess a business\u0027s marketing strategy, writes Jamie Golombek. Read more. financialpost Meaning the trumpeters are above the law till proven guilty. financialpost 👏🏽👏🏽👏🏽
Source: VancouverSun - 🏆 49. / 61 Read more »
CRA has no business telling people how to run their business, judge says in corporate tax caseA judge reminded the CRA that it isn\u0027t allowed to second\u002Dguess a business\u0027s marketing strategy, writes Jamie Golombek. Read more. Do CanRevAgency auditors still assess business owners and employees because auditors are jealous of supposed benefits? Old story. Auditor chases salesforce meal expenses. While getting a per diem, while eating peanut butter sandwiches. To keep his kids in private school
Source: financialpost - 🏆 7. / 85 Read more »