Archive for Month: July

A Man Glancing Out the Airplane Window

Guide To Canadian Tax Rules on Benefits Arising from Use of Corporate Assets (Money, Trips, Boats, Cars, Space Trips etc.), Tax Lawyer Explains

Introduction Business owners are often tempted to dip into the corporation’s pockets to pay for personal expenses. A temptation which seems like a relatively insignificant transgression but in reality, is a decision that can create dire tax consequences. A corporation paying amounts for a purpose other than earning income...

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