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)(c)
Administrative Policy
21 May 2014 CBA Roundtable, Q.23
The registrant acquired personal property strictly for personal use, free of charge, by an employee or shareholder.
CRA indicated that if the...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Excise Tax Act - Section 170 - Subsection 170(1)) - Paragraph 170(1)(c) | ITC denial under s. 170(1)(c) prevails over deemed commercial use under s. 173(1)(c) | 133 |
18 April 2002 GST/HST Interpretation 35471 - Taxable Benefits and Input Tax Credit Entitlements
In rejecting the propositions advanced that, where a registrant has calculated a taxable benefit under s. 173 for goods and services provided to...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Excise Tax Act - Section 170 - Subsection 170(1)) - Paragraph 170(1)(c) | where ITC is denied under s. 170(1)(b) or (c), no requirement to account for s. 173(1) tax/ no reference to timely coming-due requirement in postamble exception | 199 |
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 | 283 |