Taxes on a second-hand airplane?

[TwinOtterFan]

I heard that Alberta isn’t very tolerant and I agree we don’t tolerate that bullshit.

Of company right off's?

Nah meant excessive taxes

Ahh okay, I was going to say everyone I know that has a business rights off just about everything,

[digits]

Ahh okay, I was going to say everyone I know that has a business rights off just about everything,

You might be right. But they write it off.

[TwinOtterFan]

Lol ya, bouncing between my phone and tablet and answering the work cell in the ambulance. Not sure why I chose that moment to respond lol.

[David MacRay]

Surprise, the lady is a majority partner and owns 99% of your plane.

Lol, not quite she has nothing to do with the aircraft she just sets up the "corporation" I actually was able to track her down and gave her a call a year or so ago she was still doing it.

I'm no pro, I actually came across the post talking about her on the other aviation website. They were talking about her so I PM'd that member and got her info. Ended up moving here so it didn't matter.

But don't listen to me, clearly I'm not great at this stuff. My buddy is a contractor and is now starting flight school and buying a plane which he can right off through his company. I'm over here paying for like a chump.

I was mostly kidding, though I am a bit paranoid. I would probably be more concerned about doing something like that and having the Ontario government figure it out ten years later, then wanting the tax plus penalties.

[Squaretail]

My buddy is a contractor and is now starting flight school and buying a plane which he can right off through his company. I'm over here paying for like a chump.

If your buddy is starting a flight school because he thinks he's going to save money on a plane, I think you need to re examine who the "chump" is in this scenario.

[Colonel]

Flying is like farming.

How long you can do it, is determined by how much money you start with.

I have potato farmers on both sides of my family. Genetically, I am doomed. I have warned
people around me that if I start gibbering annoyingly about potatoes, they are to zip tie me,
duct tape my mouth and take away my checkbook until I recover.

[TwinOtterFan]

Oh no, not starting A flight school. He's starting to attend flight school. And buying a plane, his account told him he could write off the school and the plane as long as he submits a few invoices per year for "surveying". He wrote his ski doo for garbage disposal.

My neighbor has more quads and side by sides and toys than I can count. Same thing the "company" owns them all.

[digits]

Oh no, not starting A flight school. He's starting to attend flight school. And buying a plane, his account told him he could write off the school and the plane as long as he submits a few invoices per year for "surveying". He wrote his ski doo for garbage disposal.

My neighbor has more quads and side by sides and toys than I can count. Same thing the "company" owns them all.

I'm wondering if his account knows of the existence of this link: https://www.canada.ca/en/revenue-agency ... craft.html

It's easy to write off everything as long as you don't get audited...

[Scudrunner]

https://www.cbc.ca/amp/1.6663587

The latest lunacy in BC. This guy paid 2100 for a old 2008 used Dodge Ram Truck, when you register it they look at the Blue book value and ding you 12% of that value which they say is 11K

Got into a dust up on Reddit over this trying to incite a revolt but I forgot Good Canadians™ like to pay taxes on everything.

[TundraTire]

That's the norm everywhere else in Canada, I'm surprised BC hadn't been doing it already.