Section 280.1 Penalties and Subsection 296(2.1) Allowance of Unclaimed Rebates
Section 280.1 Penalties and Subsection 296(2.1) - Allowance of Unclaimed Rebates
Section 280.1 of the Excise Tax Act, R.S.C., 1985, c. E-15 (“ETA”) imposes a penalty when a person fails to file a Part IX return (GST/HST net tax return) by the applicable deadline. The penalty consists of two components:an...
Subsection 296(2.1) of the Excise Tax Act & Unclaimed GST/HST Rebates
Subsection 296(2.1) of the Excise Tax Act & Unclaimed GST/HST Rebates
Subsection 296(2.1) of the Excise Tax Act, R.S.C., 1985, c. E-15 (“ETA”) allows the Canada Revenue Agency (“CRA”), in certain circumstances, to recognize an eligible GST/HST rebate that was not formally claimed by a...