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Episode 022 – Are Pleasurable Marketing Activities a Taxable Benefit
Manage episode 334407161 series 3020332
In this podcast, Kenneth Keung and Kim G C Moody review a recent Tax Court of Canada decision – Bruce Jackman / Nancy Jackman v. HMQ 2022 TCC 73. This case is a rather entertaining case (at least for tax geeks 😂) which dealt with the amount, if any, of the taxable benefit received by the use of a boat owned by a corporation that operated a marina business. Some of the marketing activities involving the boat and the Jackmans might have even been pleasurable and fun! The blunt decision by the Tax Court Judge – who found in favour of the Jackmans – is refreshing and a good reminder of the law on personal use benefits that might be received by shareholders when using corporate assets. Happy listening!
35 episodes
Manage episode 334407161 series 3020332
In this podcast, Kenneth Keung and Kim G C Moody review a recent Tax Court of Canada decision – Bruce Jackman / Nancy Jackman v. HMQ 2022 TCC 73. This case is a rather entertaining case (at least for tax geeks 😂) which dealt with the amount, if any, of the taxable benefit received by the use of a boat owned by a corporation that operated a marina business. Some of the marketing activities involving the boat and the Jackmans might have even been pleasurable and fun! The blunt decision by the Tax Court Judge – who found in favour of the Jackmans – is refreshing and a good reminder of the law on personal use benefits that might be received by shareholders when using corporate assets. Happy listening!
35 episodes
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