{"id":2093,"date":"2008-11-27T18:22:21","date_gmt":"2008-11-28T06:22:21","guid":{"rendered":"http:\/\/www.horace.org\/blog\/2008\/11\/27\/taxable-benefit-of-living-in-school\/"},"modified":"2008-11-27T18:22:21","modified_gmt":"2008-11-28T06:22:21","slug":"taxable-benefit-of-living-in-school","status":"publish","type":"post","link":"https:\/\/www.horace.org\/blog\/2008\/11\/27\/taxable-benefit-of-living-in-school\/","title":{"rendered":"Taxable benefit of living in school"},"content":{"rendered":"

My high school made news<\/a> on Globe and Mail, a national newspaper. Revenue Canada, aka taxman, sues the headmaster and teachers living on campus understating their taxable benefits on free rent. The headmaster claim a taxable benefit of $6000 per year, on a two stories house over looking Lake Ontario. But the taxman say it should be a value of $31000, which is calculated base on the rent in the area. The case went to court and the judge rule against the Revenue Canada. The judge accept the headmaster’s argument that living on campus sacrifice their private life. It is unrealistic to assume the place rent out with the market price. The rent is cheap because it comes with the responsibility to take care of the boarding students at night.<\/p>\n

As a alumni, I agree with the judge and glad that he had made the right ruling. Although outsiders thinks my high school is a elite school with four prime ministers on the alumni list, the fact is the students are as troublesome as other teenagers. Things just happens at night in board schools. The teachers living on campus has to deal with it. The headmaster is not exaggerating. We do have drunken students and students with emotional distress. I was caught once sneaking out to have beer in midnight and saw more than once fights break out among students who suppose to be sleeping. We also pranked the headmaster from time to time. I remember we wrap his car with toilet paper in Halloween one year and painted his lawn furniture in pink the other year. I don’t think anyone with a right mind would pay the market rent to live among 200 naughty teenagers.<\/p>\n","protected":false},"excerpt":{"rendered":"

My high school made news on Globe and Mail, a national newspaper. Revenue Canada, aka taxman, sues the headmaster and teachers living on campus understating their taxable benefits on free rent. The headmaster claim a taxable benefit of $6000 per year, on a two stories house over looking Lake Ontario. But the taxman say it … Continue reading Taxable benefit of living in school<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"lc_iscn_info":[],"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[87,170],"class_list":["post-2093","post","type-post","status-publish","format-standard","hentry","category-_scribble","tag-school","tag-tax"],"yoast_head":"\nTaxable benefit of living in school - \u54f2\u5b50\u6232 Philosophist\u2019s Camp<\/title>\n<meta name=\"description\" content=\"My high school made news on Globe and Mail, a national newspaper. 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