Freedom Story: James’s Cancellation Letter of Requirement to Pay Over 280K to Canadian Revenue Agency
Join me in listening to James share his process and his story using CNs with the Canadian Revenue Agency to receive a cancellation letter of “Requirement to Pay” his 2010 tax liability that totaled over 280 Thousand dollars, Canadian. .
Bea sent this story along about a ruling with the CRA
CRA MUST PLAY BY THE RULES
A recent test case from the Federal Court says the CRA can’t use delayed assessments to discourage the use of tax shelters it doesn’t like.
By Patricia Chisholm / May 27, 2013
The Canada Revenue Agency (CRA) can’t delay an individual’s assessment by using an audit of the tax shelter used by the taxpayer as an excuse for the delay, according to a recent court ruling.
The May decision from the Federal Court of Canada comes as a pointed rebuke to the CRA and seems to suggest that the agency should not be trying to change policy or legal goals, especially related to tax avoidance schemes, which is the job of the courts or the legislature.
In particular, the Federal Court makes it clear that the CRA may not delay an assessment for the purpose of “discouraging” the use of a particular tax shelter. The decision also concludes that specific regions (in this case the CRA’s Winnipeg Tax Centre) cannot pursue a new policy that is purely local and which deviates from an established national policy used by the CRA.”
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