DenisC8
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Yes, by the time you load it up with all the options, it'll be up there.So $300,000 Canadian for a decent spec plus HST plus luxury tax.
Just curious, how does one pay with 'before tax' dollars ?Yes, by the time you load it up with all the options, it'll be up there.
Let's not forget, that $300,000.00 required must be paid from 'after-tax' dollars.
Lots of people drive company owned vehicles, myself included (not my Corvette).Just curious, how does one pay with 'before tax' dollars ?
It's not your accountant you have to convince. It's CRA.Lots of people drive company owned vehicles, myself included (not my Corvette).
The cost of the vehicle, gas, insurance, maintenance, etc. is all 'picked up' (and expensed) by the company.
While the individual is assumed to be differentiating personal use (a taxable benefit) from the company use, few do, or at best minimize it.
Good luck convincing your accountant that a Corvette ZR1 is 'essential' for work.