News & Analysis as of April 29, 2025

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Federal Court of Appeal Confirms CRA Can Collect Arrears Interest Despite Absence of a Tax Debt

Davies Ward Phillips & Vineberg LLP on 12/5/2024

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

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Interest Rates › Tax Court › Canada

Federal Court of Appeal Confirms CRA Can Collect Arrears Interest Despite Absence of a Tax Debt

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