Published: October 18, 2023
The Canadian Income Tax Act includes provisions that are meticulously drafted and precisely structured to offer taxpayers a range of options for addressing their tax issues. Nevertheless, there are situations where the Income Tax Act may not offer taxpayers sufficient remedies, or where the strict application of its rules can lead to inequitable outcomes.
A tax remission order serves as a final recourse for taxpayers seeking relief from tax debt and enforced penalties, including interest, when all other means of taxpayer relief have been exhausted.
"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."