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Blog Post | TaxEd International

GST/HST burden, insolvent suppliers, and the pros & cons of credit notes

Fasken
Reading Time 1 minute read
On January 12, 2018, the Canadian Federal Court of Appeal (the “FCA”) released its decision in North Shore Power Group Inc. v. Canada, 2018 FCA 9 (“North Shore Decision”), which addressed the tax implications to a purchaser of receiving credit notes from an insolvent supplier.  The FCA’s unanimous decision also sheds light on the scope … Continue reading GST/HST burden, insolvent suppliers, and the pros & cons of credit notes »

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