Business & Corporate TaxFAQs

Are board and lodging considered a taxable benefit for employees?

I incurred meals expense that were reimbursed by my client. Is this expense 50% deductible to me or 100%?

Will I have to report any taxable benefit on the personal tax return for exercising employee stock options at a private corporation?

Is Monthly Company Membership Fee a Taxable Benefit?

If a company leases a car for me, is it a taxable benefit? Is there a way for me to have my company simply pay for it?

What is a reasonable management fee?

I want to perform bookkeeping for my small business. What do you recommend me to use?

Should I use Wave Accounting for my bookkeeping needs?

Are there any pitfalls I should be aware of when selling a stock in a loss position?

My current employer asked me to become an independent contractor. What’s the benefit for them?