CRA will not adopt the ARQ’s fast track procedure for offsetting remittance obligations against ITCs
Revenu Québec has a “fast track” procedure under which a supplier’s QST/GST remittance obligation is in effect set-off against the recipient’s input tax refund/credit. Conditions for this procedure include:
- the requested refund is over $500,000 of net tax;
- the GST/HST and QST filing frequency of the recipient and the supplier is monthly;
- there are no late returns or payments in any tax account respecting the recipient; and
- there is no agency relationship between the recipient and supplier.
CRA has no intention of reinstating its own version of this procedure.