In a July 22, 2015 Tax Court of Canada case (9259-9893 Quebec Inc. vs. H.M.Q., 2014-1352(GST)I), the taxpayer was unsuccessful in Appealing CRA’s GST assessment based on the taxpayer’s unreported business income. CRA examined the cash bank deposits to determine the unreported revenue.
For further information see VTN Monthly Tax Update Seminar, Issue No. 409