Car benefits: fasten your seatbelts
CIM Bulletin, Vol. 81, No. 914, 1988
ROBERT B. PARSONS,Partner, Price Waterhouse, Toronto, Ontario
One of the disadvantages of the federal government's idea of "taxation by consultation " is that it seems to take longer to enact new legislation. The proposed new rules for taxing automobile benefits is one example. Here is a ball which has been batted around between government and the public several times and still has not come down to earth. Fasten your seatbelts, there may be more to come.