The Supreme Court of Canada is seen Friday April 25, 2014 in Ottawa. (Adrian Wyld/The Canadian Press)

The Supreme Court of Canada is seen Friday April 25, 2014 in Ottawa. (Adrian Wyld/The Canadian Press)

B.C. Crown corporation immune from taxation, but may still have to pay GST: court

British Columbia Investment Management Corporation may still be on hook for GPS payments

The Supreme Court of Canada says the B.C. agency responsible for managing public-sector pension plan investments is constitutionally immune from remitting the goods-and-services tax to the federal government.

However, the top court says the British Columbia Investment Management Corporation, a Crown agency, still might be on the hook for GST payments due to agreements it signed with Ottawa.

The management corporation had been ordered to pay almost $40.5 million in GST, plus interest and penalties, for delivering investment-management services for pooled portfolios.

The corporation then sought a declaration from the B.C. Supreme Court that it was immune from federal excise taxes.

A B.C. judge ruled the federal government could not order the corporation to remit the GST on the basis that, as an agent of the provincial Crown, it enjoyed the same immunity from federal taxes as the province.

The judge however also found the corporation was bound by taxation agreements it had signed, but even after Friday’s Supreme Court of Canada ruling the nature of any specific obligations under those agreements remains unclear.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Protestors stand outside Alouette Heights Wednesday afternoon. (Colleen Flanagan/The News)
Supportive housing residents protest guest ban

A dozen or so people gathered in front of the Alouette Heights… Continue reading

Rent banks have been opened to help tenants in Maple Ridge and Pitt Meadows. (Black Press files)
Rent banks open in Maple Ridge and Pitt Meadows for tenants in need

Provide loans to help keep people from falling into homelessness

Art artist rendering of the new Pitt Meadows Fire Hall.
Pitt Meadows council picks fire hall builder

Pitt Meadows council picks fire hall builder on $12.8 million facility

Both vehicles and pedestrians share Dewdney Trunk Road east of 240th Street.  (Colleen Flanagan/The News)
LETTER: Dewdney Trunk Road in major need of work, too

It’s great to once hear Maple Ridge is again planning to extend Abernethy Way to 256th Street

This Santa’s workshop display on 117A Ave. in Pitt Meadows is one of many wonderful stops on the holiday lights tour. (Special to The News)
Pitt Meadows residents compete for best holiday lights display

City provides map to lit houses and asks onlookers to vote for their favourites

(Needpix.com)
Pandemic has ‘exacerbated’ concerns for B.C. children and youth with special needs: report

Pandemic worsened an already patchwork system, representative says

The Integrated Homicide Investigation Team is investigating after a 30-year-old woman died in a Newton alley early this morning after being found with gunshot wounds in a vehicle. The incident happened in the 13700-block of 75A Avenue. (Photo: Lauren Collins).
Woman, 30, dead after early morning crash, shooting in Surrey

Surrey RCMP looking for vehicle, video surveillance in area of 13700-block of 75A Avenue

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Statue of Lady Justice at B.C. Supreme Court in New Westminster. (File photo: Tom Zytaruk)
Judge finds Surrey RCMP breached two robbery suspects’ Charter rights

This was in connection with the robbery of the Ritecare Pharmacy in Surrey on Oct. 10, 2017

Janet Austin, the lieutenant-governor of British Columbia, not seen, swears in Premier John Horgan during a virtual swearing in ceremony in Victoria, Thursday, Nov. 26, 2020. Horgan says he will look to fill gaps in the federal government’s sick-pay benefits program aimed at preventing the spread of COVID-19. THE CANADIAN PRESS/Jonathan Hayward
B.C. premier says province prepared to patch holes in new federal sick-pay benefits

Horgan said workers should not be denied pay when they are preventing COVID-19’s spread

Most Read