Truck News

News

No penalties for those unable to pay taxes due to outage

OTTAWA, Ont. -- Businesses and individuals who were unable to pay their taxes Aug. 15 due to the power outage will...


OTTAWA, Ont. — Businesses and individuals who were unable to pay their taxes Aug. 15 due to the power outage will not be penalized.

The Canada Customs and Revenue Agency (CCRA) will readily apply the fairness provisions of the Income Tax Act, the Excise Act, and the Customs Act to help individuals and businesses with their tax and customs obligations in the aftermath of the power outage, said Elinor Caplan, Minister of National Revenue.

“The Government is sensitive to the difficulties that people and business may have encountered in this power outage,” said Minister Caplan. “Any employer or business whose payments of GST or employee deductions are late because of the lack of electricity will not have to pay penalties and interest.”

The CCRA has the flexibility to use a balanced and common sense approach to help Canadians with problems that arise through no fault of their own, she said.

Employers and businesses that remit their August 15 payment late and are charged interest and penalties as a result can contact their local tax services offices to have those removed.

Employers and businesses that may need more information can call the CCRA Business Window at 1-800-959-5525 or check www.ccra.gc.ca


Truck News

Truck News

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.
All posts by

Print this page
Related Articles
TruckNews
TodaysTrucking


Have your say:

Your email address will not be published. Required fields are marked *

*