Métaux Kitco inc. (Syndic de), 2016 QCCS 444 — CRA(RQ) may not set-off disputed GST ITCs in CCAA (Quebec)
This Québec Superior Court applies some reasoning similar to the Ontario Court of Appeal in Schnier. (See esp. para. 121. The Court specifically refers to Schnier at para. 123, FN72.) Essentially, the Court concluded that Revenue Québec (acting for itself and for CRA) could not set-off (under ETA s. 318) a disputed ITC reassessment (for over $313 million) from the pre-CCAA period against valid ITCs (and QC ITRs) for the post-CCAA… Read More »Métaux Kitco inc. (Syndic de), 2016 QCCS 444 — CRA(RQ) may not set-off disputed GST ITCs in CCAA (Quebec)