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You should go spend some time with your accountant. As one put it there is a HUGE difference between tax avoidance and tax evasion..most likely the latter will involve some prison time even here in Canada. Perfectly fine to run a loss..my friend set his boat up in a charter fleet..first 2 years posted losses and 3rd made gain. Actually makes money from losses and depreciation (and gets to use a boat for free) The boat need to be available 100% for charter, but if nothing is booked there is nothing stopping him from taking it out for as long as it is available a week in advance. If you think you are doing something wrong you probably are..but a legit business eneterprise with consulations from a tax accountant and others who have been down this road will provide insight and opportunity. Yes bend and stretch their rules just dont break them with "intent"
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