Excise Tax Act ( R.S.C. , 1985, c. E-15)

300.1 Despite any other provision of this Part, an amount in respect of which particular information relevant to its assessment was provided to the Canada Revenue Agency under a contract entered into by a person under a program administered by the Canada Revenue Agency to obtain information relating to tax non-compliance is, until the amount is collected by the Minister, deemed for the purpose of any agreement entered into by or on behalf of the Government of Canada under section 8.3 of the Federal-Provincial Fiscal Arrangements Act not to be payable or remittable under this Part as a result of an assessment.

• [NOTE: Application provisions are not included in the consolidated text
• see relevant amending Acts and regulations.]
• 2014, c. 20, s. 51

Objections and Appeals

• 301 (1) Where an assessment is issued to a person in respect of net tax for a reporting period of the person, an amount (other than net tax) that became payable or remittable by the person during a reporting period of the person or a rebate of an amount paid or remitted by the person during a reporting period of the person, for the purposes of this section, the person is a in respect of the assessment or a notice of objection to the assessment if
  • (a) the person was a listed financial institution described in any of subparagraphs 149(1)(a)(i) to (x) during that reporting period; or
  • (b) the person was not a charity during that reporting period and the person’s threshold amounts, determined in accordance with subsection 249(1), exceed $6 million for both the person’s fiscal year that includes the reporting period and the person’s previous fiscal year.
  • (a) reasonably describe each issue to be decided;
  • (b) specify in respect of each issue the relief sought, expressed as the change in any amount that is relevant for the purposes of the assessment; and
  • (c) provide the facts and reasons relied on by the person in respect of each issue.
  • (a) reasonably describe each issue to be decided in respect of that section;
  • (b) specify in respect of each of those issues the relief sought, expressed as the change in any amount that is relevant for the purposes of the assessment; and
  • (c) provide the facts and reasons relied on by the financial institution in respect of each of those issues.
  • (a) only if the person complied with subsection (1.2) or (1.21) in the notice with respect to that issue; and
  • (b) only with respect to the relief sought in respect of that issue as specified by the person in the notice.
  • [NOTE: Application provisions are not included in the consolidated text
  • see relevant amending Acts and regulations.]
  • 1990, c. 45, s. 12
  • 1997, c. 10, s. 82
  • 2010, c. 12, s. 80