The appellant, an industry funding organization, claimed input tax credits (ITCs) in its December 2013 GST/HST return.
It later discovered it had omitted ITCs from its 2012 reporting periods and sought to include them in the December 2013 return.
The Minister denied the unclaimed ITCs on the basis they were statute-barred.
The Tax Court allowed the appeal, holding that subsection 296(2) of the Excise Tax Act permits the inclusion of ITCs from preceding reporting periods when assessing the net tax for a particular reporting period, provided they would otherwise have been available for carry forward.
