Financial Tech Company Misses Out on $200K in Tax Credits After CRA Loses Documents

The Canada Revenue Agency (CRA) headquarters Connaught Building in Ottawa on Aug. 17, 2020. The Canadian Press/Sean Kilpatrick

A financial technology company based in Toronto has missed out on nearly $200,000 in tax credits after the Canadian Revenue Agency (CRA) lost its documents.

FOOi took the case to court after failing to appeal to the CRA and lost the case in late December 2023, as first reported by Blacklock’s Reporter.