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The proof is in the pudding when it comes to CRA penalty relief

Monday, July 16, 2018 @ 8:48 AM | By Adrienne Woodyard

The late Christopher Hitchens once declared, “Extraordinary claims require extraordinary evidence.” This could well be the unofficial motto of the Canada Revenue Agency’s taxpayer relief program.

The Income Tax Act gives the CRA broad discretion to grant equitable relief to taxpayers. One key provision is ss. 220(3.1) of the Act, which enables the CRA to waive or cancel any penalty or interest assessed against a taxpayer for a period of up to 10 years. Thousands of hopeful taxpayers submit applications for penalty and interest relief to...