Subsection 173(1) - Employee and Shareholder Benefits
See Also
Pelletier v. Agence du revenu du Québec, 2021 QCCQ 670 (Court of Quebec)
A corporate helicopter was used partly for the personal use of the individual shareholder (Pelletier). The ARQ (contrary to the CRA approach)...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 15 - Subsection 15(1) | the shareholder benefit from personal use of a corporate aircraft should reflect GAAP depreciation rather than CCA (25% d.b.) rates | 251 |
Administrative Policy
CBAO National Commodity Tax, Customs and Trade Section – 2014 GST/HST Questions for Revenue Canada, Q. 23
A registrant acquires personal property strictly for the personal use, free of charge, of an employee or a shareholder. Under s. 170, the...
GST/HST Memorandum 9.1 Taxable Benefits (Other than Automobile Benefits) November 2011
Overview
4. Generally, section 173 applies when a registrant makes a supply of property or a service to an individual who is an employee or a...
28 August 1996 Interpretation File No. 11650
Where a partner has the use of a partnership-owned automobile, the partner is taxed on a standby charge as business income under ITA s. 12(1)(y). ...
Paragraph 173(1)(d)
Paragraph 173(1)(d)
Administrative Policy
21 December 2017 Interpretation 164739
Corp A purchases motor vehicles that it subsequently leases to Corp B, which in the mooted case, is used by the employees exclusively for personal...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Excise Tax Act - Section 156 - Subsection 156(2) | making the ETA nil consideration election can have punitive results respecting GST/HST on related employee benefits | 277 |