As we blogged on here, CRA has recently taken steps to reverse what was generally understood to have been their historical position on employer eligible ITCs in pension plan situations involving insurance segregated fund products.
In a recent Excise News Publication, CRA doubles-down on this position in a very public way, seemingly setting the stage for audits in this area to come.
Tagged in:
Audit and Assessment
Canada Revenue Agency
Input Tax Credits (ITCs)
Insurers Segregated Funds
Investment Management Fees
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