The Federal Court of Appeal (FCA) recently dismissed the Bank of Nova Scotia’s (BNS) appeal and upheld the Canada Revenue Agency’s (CRA) practice of charging arrears interest on a non-existent tax debt where audit adjustments...more
12/5/2024
/ Appellate Courts ,
Canada ,
Canada Revenue Agency (CRA) ,
Carryback Rules ,
Income Tax Act ,
Interest Rates ,
Supreme Court of Canada ,
Tax Court ,
Tax Debt ,
Tax Liability ,
Tax Policy ,
Taxable Income
In a unanimous decision recently released in Canadian Broadcasting Corp. v Named Person, the Supreme Court of Canada (SCC) allowed, in part, the appeal from the Court of Appeal of Québec (QCA), which had sealed virtually all...more