RSM324H1 Chapter 3: CHAPTER 3-1
15 Feb 2017
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Document Summary
Chapter 3 liability for tax, income determination, and administration of the income tax system. There are 3 separate sources that govern income tax law in canada: statute law. The canadian federal income tax system is developed in the legal statute known as the income tax act: common law. Disputes regarding the application and interpretation of various sections of the. Income tax act and related provincial statutes are often settled within the. Canadian court system (the supreme court of canada, federal court of appeal, and tax court of canada) In many cases, provisions of international treaties are in conflict with the. When this occurs, the international treaty takes precedence. Federal tax law is the responsibility of the department of finance. However, assessing and collecting tax is the job of the cra. The interpretations published by the cra are not law and can be disputed through the court system.
