Originally Posted by
Transpacificflyer
I am waiting for the day the CRA wakes up and realizes that the granting of aeroplan benefits to people who use credit cards to purchase items or services that can be taken as a business expense, thereby reducing income tax payable, is a taxable transaction.
Buying a personal item with a business credit card, expensing it to the company without reimbursing the company in anyway is a matter that definitely runs afoul of CRA but can happen with any form of payment, not just an AC CC.
Are you meaning CRA coming down on people who receive Aeroplan benefits from using a CC to pay for legitimate business expenses?