By News on the Net -- THE GLOBE AND MAIL—— Bio and Archives--April 14, 2024
It was a Tax Court of Canada case last year that went mostly under the radar by all except for the legal community who were taken aback by its implications for renters.
A
Montreal tenant was audited and ordered to pay the tax he had failed to
withhold on the monthly rent to his non-resident landlord, as required
by law. As a result, he was ordered to pay six years’ worth of tax as
well as the compounded interest and penalties. The Canada Revenue Agency
(CRA) could not collect against his overseas landlord, so the Canadian
tenant was on the hook. ---More...
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