0741449 B.C. Ltd. – Federal Court grants a s. 164(1.2) order based on taxpayer’s low net worth and poor payment history

A corporation had a refund claim of $1.2 million respecting its previous payment of income taxes that were still in dispute. In granting a jeopardy order under s. 164(1.2) that the refund claim not be paid, Hughes J referred to the corporation’s principal asset being subject to a foreclosure order and to its shareholder having “a history of non-payment of taxes and bankruptcy.”

Neal Armstrong. Summary of Canada (National Revenue) v. 0741449 B.C. Ltd., 2016 FC 530 under s. 164(1.2).