| | | March 2021 | Pay now… or maybe not?
Sean Kelly is a sales tax partner in the Leamington office of Baker Tilly Trillium | Where a person receives an assessment for income tax purposes and files an objection, the Income Tax Act prevents the CRA from taking collection measures in most cases until the objection is settled. However, the CRA is not subject to the same restraint where a person is assessed for GST/HST purposes. Section 315 of the Excise Tax Act (ETA) provides that, where a notice of assessment is issued, any amount assessed (including interest and penalties) becomes payable “forthwith” – meaning immediately.
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Ottawa, ON
K2H 9C4 Canada
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| This email is sent by Baker Tilly Ottawa LLP, formerly Collins Barrow Ottawa LLP. 400-301 Moodie Drive, Ottawa, ON, Canada K2H 9C4.
Baker Tilly Canada periodically publishes Indirect Tax Alert for its clients and associates. It is designed to highlight and summarize the continually changing tax and business scene across Canada with respect to indirect tax issues. While Indirect Tax Alert may suggest general planning ideas, we recommend professional advice always be sought before taking specific planning steps. |
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