Josh purchased a personal vacation home (Muskoka cottage) through his corporation. Josh uses the cottage to enjoy his vacations with friends and family. The corporation funded the purchase and pays for all expenses to maintain the property. Do you see any tax concern(s)? If yes, what concern(s) and why?

Answer rating: 100% (QA)

Yes there are potential tax concerns with Josh using his corporation to purchase and maintain a personal vacation home The primary issues include 1 Ta... View the full answer