Canadian companies hit by retrospective GST/HST after increased reinsurance audits

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Canadian companies hit by retrospective GST/HST after increased reinsurance audits

April 02 2013
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More Canadian companies are being told that they may owe GST plus penalty interest on reinsurance premiums paid to non-resident related-parties dating back eight years. This is a result of increased auditing activity around reinsurance by the Canada Revenue Agency (CRA).

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