Précis: This decision is fact intensive but, in the end, fairly simple. CRA denied input tax credits (“ITCs”) of roughly $1,000,000 to the taxpayer on the purchase of gold from its alleged suppliers. CRA claimed, and the Court accepted, that the invoices it relied upon from its alleged suppliers were fraudulent and designed to conceal the identity of the person or persons actually supplying the gold.
TricomCanada Inc. v. R - TCC: GST appeal - invoices produced were fraudulentREAD MORE »