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Tesla Roadster 2nd Gen Canada

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M

MarcoRP

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Reactions: hingisfan
I want one but can’t afford one after Trudeau and Morneau changed the tax laws. I’ll wait for gen 2 Model S instead.
So far all they've done is lower your corporate tax rate...and with the grandfathering of existing retained earnings, all they're impacting is your future ability to retain more than about $800,000 in earnings for passive investment. Buying a roadster will keep you below that for a while.

And an arms length spousal loan of corp assets at the prescribed rate of 1% might help with the rest :)

Unless you're referring to car expenses for docs...