CRA will clip your wings if you take a personal ride in the corporate jet (opens original article in a new tab)

The Canada Revenue Agency views personal use of a corporate jet as a taxable benefit, with a recent court case determining that the value should be based on charter flight costs rather than commercial ticket prices.

• CRA considers personal use of corporate jet as taxable benefit
• Judge ruled that charter price, not business class ticket, is the correct valuation method
• Taxable benefit calculated based on personal flight hours at $6,500/hour