What is the proportion of pre-tax corporate earnings of a company over which he has a controlling interest?
British Columbia, Canada
The following excerpt is from S.L.D. v W.A.D, 2020 BCSC 690 (CanLII):
For the purposes of assessing the respondent’s income I am entitled to consider the whole of the pre-tax corporate earnings of any company over which he has a controlling interest absent evidence which persuades me there is a corporate requirement to retain some of the income within the corporation for legitimate business use: Hausmann v. Klukas, 2009 BCCA 32.
"The most advanced legal research software ever built."
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.
Other Questions
What is the difference between a wholly owned company and a company in which the controlling mind is not a controlling mind? (British Columbia, Canada)
When a managing director of a company acts in breach of his fiduciary duties to the company, does he have to disclose to the purchaser of a part of the company’s business? (British Columbia, Canada)
In what circumstances will the Director of Directors of a Corporation be able to claim that a claim against the Corporation is based on an allegation that the Corporation has not paid the Director a fair share of the proceeds of litigation? (British Columbia, Canada)
In assessing future loss of earning capacity for loss of past and future earning capacity, what is the test for a loss of future earnings allowance? (British Columbia, Canada)
Is a corporation owned and controlled by the payor spouse entitled to pre-tax corporate income? (British Columbia, Canada)
What is the impact of past loss of earnings on future loss of earning capacity? (British Columbia, Canada)
Is a plaintiff's future earnings loss subject to interest under s. 2 of the Personal Injury Act? (British Columbia, Canada)
In the context of diminished earning capacity, what is the proper analysis of past and future diminished earnings capacity? (British Columbia, Canada)
Can a majority shareholder of a corporation sue the directors of the corporation for personal losses? (British Columbia, Canada)
Can a lawyer be found guilty of professional misconduct for placing funds with a mortgage brokerage company when he knew that the registration of the company was under suspension? (British Columbia, Canada)
