Babich v. Canada, 2013 DTC 5010 [at at 5556], 2012 FCA 276, aff'g 2010 TCC 352 -- summary under Subsection 15(1)

By services, 28 November, 2015

The taxpayer ("Babich") was the sole shareholder of a corporation ("Able") which provided a car exclusively for use (both personal and business) by Babich's mother and by his father, who was the corporation's general manager. V.A. Miller J. stated (at TCC para 22):

I conclude from all of the evidence that a benefit was conferred on Babich. The Automobile was owned by Able and all expenses were paid by Able. Babich was the sole shareholder of Able and he allowed his parents to have exclusive use of the Automobile for both personal and business purposes. According to subsection 15(5), the value of the benefit to be included in a shareholder's income with respect to an automobile relates to an automobile made available to the shareholder or to a person related to the shareholder.

Sharlow J.A. dismissed the taxpayer's contention that the benefit should have been taxed in the hands of his parents pursuant to s. 6, rather than in his hands under s. 15(1). The Court was satisfied that the trial judge's decision was "correct in law and is consistent with the evidence presented to her" (FCA para. 11).

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Tagline
shareholder rather than employee benefit
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
334349
Extra import data
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