CRA holding GST refunds

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February 3, 2016 by Stacey

In response to GST fraud, the CRA’s Refund Integrity Unit is now closely scrutinizing GST refunds claimed by businesses, resulting in time delays in refunding these amounts.

In some cases, rather than releasing the (correctly claimed) funds, CRA is transferring the ‘credit’ to other CRA accounts of the business, including corporate tax, and GST sub-accounts of enterprises operating under the same business number.¬†Businesses waiting for refunds should check balances in other CRA accounts to track these down.

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