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The only downside is that the cost is over a quarter of a mil. And by the time it comes to Canada it might be 2025. I am surprised that they announced this before a pickup truck.
My house in Toronto went up in value by $300,000 in three years!
Hmmm, if I sold the house, I could get one from the added value of the house!
On second thought, what a stupid idea!
No thanks!
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...