Canada Revenue Agency
S.220 (3.1)-Waiver of penalty or interest-
"The Minister may... waive or cancel all or any portion of any penalty or interest otherwise payable under this Act by the taxpayer..."
This taxpayer relief provision gives Canada Revenue Agency (CRA) the discretion to waive or cancel all or part of certain penalties or interest. These penalties and/or interests may have resulted due to circumstances beyond the taxpayer's control.
Circumstances where cancelling or waiving interest or penalties may be warranted:
- Natural or human-made disasters such as, flood or fire
- Civil disturbances or disruptions in services, such as, a postal strike
- A serious illness or accident
- Serious or emotional distress such as, death in the immediate family