EDMONTON — In an “unusual and exotic” court case, Canada’s Federal Court ruled that Cirque de Soleil founder Guy Laliberté — Canada’s first space tourist — won’t be able to recover the tens of millions of dollars he spent on his 12-day trip to the International Space Station.
“It’s not common that people are flying into space every day, but it’s common that people are assessed with shareholder benefits,” Golombek said. “You and me are not flying into space every day, but the issue is really relevant in terms of the principle.” “I find that the motivating, essential and overwhelmingly primary purpose of the travel was personal,” wrote Tax Court Justice Patrick Boyle at the time.
The Tax Court had set the business portion of the trip at 10 per cent, or $4.2 million, which means that the remaining 90 per cent of the trip represented the amount that is a taxable benefit.
He could be the next PM!
Fuckin clowns
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Evening Update: Trump lashes out at governors for ‘weak’ protest response; dozens of businesses damaged in Montreal demonstrationsAlso: Cirque du Soleil founder must pay tax on his trip to the International Space Station, court says So covid is over? 🤣🤣🤣 Correction: DURING the plague come the riots. COVID-19 is not only NOT gone, but guaranteed it is flooding through these maskless, non-distanced protests. In a few weeks, the spike will flood back. IndigenousHistoryMonth
Source: globeandmail - 🏆 5. / 92 Read more »
Nestle to appeal ban on ‘Incredible Burger’ branding in EuropeA Dutch court ruled that the KitKat maker infringed on Impossible Foods’s trademarks with the name of its own plant-based burgers
Source: globeandmail - 🏆 5. / 92 Read more »
5 things to know for Monday, June 1, 2020Canada is approaching 91,000 total cases of COVID-19, with nearly 50,000 considered recovered. Forcing law abiding Canadians to stay home and socially distant from friends and family for months giving up their livelihoods while at the same time cheering on the rioters and looters whom are gathering in large numbers and committing violent crimes. This is Liberal Canada.
Source: CTVNews - 🏆 1. / 99 Read more »
Vanessa Bryant shares Kobe’s ‘I Can’t Breathe’ photoWidow of basketball icon posts Instagram message to fight for change and register to vote Globe_Sports Do we need to scorch everything and start over?
Source: globeandmail - 🏆 5. / 92 Read more »
Woman can’t fathom why husband, uncle slain on hunting trip in AlbertaJacob Sansom, 39, and Maurice Cardinal, 57, were found shot to death on a rural road in northern Alberta two months ago
Source: globeandmail - 🏆 5. / 92 Read more »