Proposed amendments to prevent input tax credit claims that exceed tax actually paid

Submitted by admin on Wed, 02/05/2014 - 12:00

The Department of Finance today released proposed amendments to the Excise Tax Act that reaffirm the policy that a person cannot claim input tax credits in respect of an amount of Goods and Services Tax/Harmonized Sales Tax (GST/HST) that has already been recovered by the person from a supplier.

This 17 January 2014 news release by the Department of Finance is available in its entirety at:
http://www.fin.gc.ca/n14/14-006-eng.asp