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Old 09-01-2016, 12:57   #1
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Join Date: Nov 2013
Location: Edmonton/PNW
Boat: Hunter 386
Posts: 433
Canadian owners of charter boats and taxes

We are considering putting our boat into charter (in the PNW) when our year-long sabbatical is over. I have talked to a few of the Canadian companies and they are willing to take her. They are all pretty up front on the lack of profit, but most say I should be able to defray my ownership costs.

But... should I do it under a company? What about GST implications?

I am currently looking for an accountant with some experience with this or an owner with some personal insight into the Canadian tax implications...

Anyone?
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