Can a family corporation be imputed on income imputation if it has not provided additional benefits?
Ontario, Canada
The following excerpt is from Kochar v. Kochar, 2014 ONSC 3220 (CanLII):
Cusinato J., at para. 22 of Stoyshin v. Stoyshin, 157 A.W.C.S. (3d) 375, states: Many of these benefits are not the subject of a contractual relationship or obligation by the corporation. What is gratuitously given by a family corporation as additional benefits may as easily be taken away. Thus, without further evidence, save for what has been admitted, there will be no income imputation in respect of these additional items, on an interim order.
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