Is owning a seat license a good or even great investment?
A seat license can be under a company name, which means you get to write off the license as an asset over a 3 to 5 year period, (please consult with your CA to confirm) in addition you can write off on the HST portion of the purchase of a seat license. You may also choose as a business to write off the annual season ticket purchase for entertaining or client care purposes. As an individual sitting on a pile of cash and have no need to invest in other items, such as your own RSP’s, your mortgage is paid off, your kids education funds are taken care of, then yes it’s a possible reasonable investment. It is not recommend that anyone purchase a seat license as a personal investment unless you have taken care of the above mentioned items first. How did Lange get so involved in a seat licenses? A long story, but in order to save time over phone conversation this is how Lange got involved. Lange Transportation & Storage (www.langeshow.com) was purchasing season tickets through a long time fri
