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

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: