Words and Phrases - "directory provision"

a
87
b
44
c
77
d
51
e
38
f
31
g
18
h
14
i
74
j
2
k
2
l
32
m
56
n
25
o
38
p
80
q
3
r
76
s
90
t
46
u
16
v
9
w
23
y
2

9118-5322 Québec inc. v. The Queen, 2018 TCC 96

Summary Under
Tax Topics - Excise Tax Act - Section 254 - Subsection 254(4) - Paragraph 254(4)(c)
failure to obtain and transmit prescribed forms on timely basis

Lafleur J indicated that a builder cannot deduct from net tax for the amount of new housing rebates credited to its home purchasers in a reporting period unless it submits the signed prescribed forms of the purchasers to the ARQ (or CRA, as applicable) in that month. Here, the builder not only failed to transmit the signed forms as required by s. 254(5)(a), but also failed to get the forms signed by the purchasers on a timely basis as required under s. 254(4)(c).

Words and Phrases
directory provision
Locations of other summaries Wordcount
Tax Topics - Excise Tax Act - Section 254 - Subsection 254(5) - Paragraph 254(5)(a) transmitting purchaser new home rebate forms to CRA (or the ARQ) is imperative to the claiming by the builder of the rebate amount 297