CBAA: Canada’s Luxury Tax Adoption ‘Reckless’

The Canadian Business Aviation Association once again blasted the Canadian government's 10 percent luxury tax on aircraft that took effect September 1.

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By Gordon Gilbert • Contributor - Accidents and Regulations

September 15, 2022

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More In Finance, Taxes, Insurance

IRS Chief Expresses Concern about Business Aircraft Deductions

Werfel told Congress IRS resources had been 'stretched thin' in the area of bizjet deduction compliance

Used Jet Inventories on the Rise: Jefferies

The current inventory is still well below recent peaks

AIA Calls for Passage of Tax Act with R&D Expensing Fix

A 2022 tax change altered the way businesses deduct R&D expenses

Jet Card Hourly Rate in Holding Pattern during 1Q

Hourly rates, callouts, and peak days stayed constant

Aircraft May Be Exempted from Canada Luxury Tax

Finance committee says aircraft should not be included in luxury tax

Icon Aircraft Files for Chapter 11 Bankruptcy

The restructuring process includes plans to sell the company

AINsight: The Private Jet ‘Fair Share’ Triumvirate

The White House goes after bizav operators' taxes in three different ways

GE Aerospace Marks Independence with Spinoff of GE Vernova

The now standalone companies rang the opening bell together at the NYSE to mark the occasion

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