The Canada Revenue Agency disposes of a wide range of powers to gather information and compel the production of documents. In most cases, those powers are exercised in the context of an audit where the identity of the taxpayer is known.
Les méthodes indirectes de vérification dont disposent l’ARC et Revenu Québec
L’administration du régime fiscal au Canada est fondée sur l’autocotisation par les contribuables, mais renforcée par les vérifications des autorités fiscales afin de s’assurer de l’exactitude des montants déclarés. La confiance que le gouvernement nous accorde doit donc pouvoir être validée.
Input Tax Credits: “Supporting Documentation” Need Not Always Be Issued or Signed by the Supplier
GST registrants can claim input tax credits (“ITCs”) on purchases made in the course of their commercial activities. These ITCs can be used to offset the GST that they are required to collect and remit. In situations where the ITCs exceed the GST collected, registrants are entitled to a net tax refund.
Directors Have to Show Real “Concern” About a Corporation’s Tax Obligations
The role of director of a corporation comes with privileges, but also responsibilities. In the context of taxation, directors have a duty to ensure that source withholdings, including GST and QST, are collected by the corporation and remitted to the tax authorities.
Trust Prevented from Going Back on Its CCA Filing
The St. Benedict Catholic Secondary School Trust (the “Trust”) had a leasehold interest in the school bearing its name and surrounding land (class 13 property). From 1997 to 2003, the Trust claimed CCA and triggered non-capital losses (“NCLs”).