Exida.Com Limited Liability Company v. Canada, 2010 DTC 5101, 2010 FCA 159 -- summary under Subsection 162(2.1)

By services, 28 November, 2015

A non-resident corporation which failed to file corporate income tax returns but which had no income taxes payable in Canada was not subject to the penalty under s. 162(2.1) as it was not potentially subject to any penalty under s. 162(1) or (2) and therefore was not "liable to" a penalty under such provisions. However, it was subject to a penalty in the same amount under s. 162(7).

Topics and taglines
Topic
Income Tax Act - s. 162(2.1)
Tagline
no substantive tax liability
Words and phrases
liable
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
334766
Extra import data
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