CRA will clip your wings if you take a personal ride in the corporate jet

1 month ago 11

Rommie Analytics

Despite the taxpayer's claim, the value of a plane ticket, even one for first class, cannot be used as a comparison when it comes to the benefits of using a private jet for personal trips.

Thinking of hitching a free ride on the corporate jet this weekend? Be forewarned – unless you’re travelling for work, the Canada Revenue Agency’s view is that you’ve enjoyed a taxable benefit , either as a shareholder (if you own the company) or as an employee...

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