The Tax Man Still Wins in Space

A judge has ruled that Cirque du Soleil founder Guy Laliberte can’t claim a 2009 trip to the ISS as a business expense.

Laliberte claimed his trip to space was not a taxable benefit because he promoted Cirque du Soleil and the company’s recent entry into the Russian market with a new show during his time on the ISS. The Canada Revenue Agency challenged this narrative, prompting the Tax Court of Canada to weigh in. […] the Tax Court of Canada ruled that Laliberte’s trip was for “overwhelmingly” personal reasons and that only 10 per cent of the expenses, or $4.2 million, could be considered business related for Cirque du Soleil promotional activities and the One Drop Foundation. Catch the full article here: https://bit.ly/2FCnsS8

Interested in Working with HWLLP?

How can we help you achieve your business and financial goals?

Share a few details and we'll schedule a call!

Request a Call

Receive our Newsletters

Stay current on topical issues important for your business. Every month we deliver a newsletter highlighting important issues to the attention of our values clients.

Join Our Team

Our values employees enjoy the work environment at our office and participate together in various community service activities around Ottawa. Talented individuals are encouraged to apply.

Contact Us

Hendry Warren LLP
Chartered Professional Accountants
881 Lady Ellen Place, Suite 200,
Ottawa ON, K1Z 5L3

Call Today
613.235.2000
Notice: COVID-19 InformationRead more...