Canada Offers Tax Relief to Victims of Fires in Alberta

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By Jared Mondschein

May 9—Businesses unable to timely file or pay taxes because of fires in Alberta can apply to the Canadian Revenue Agency for taxpayer relief, Canadian National Revenue Minister Diane Lebouthillier said May 6.

For those deemed to be affected by the fire, the agency pledged to temporarily cease collections, audit-related activities and administrative correspondence as well as suspend penalties and interest related to the lack of filing or payment.

Under Canadian law, the minister of National Revenue may cancel or waive penalties or interest and accept some late, amended or revoked elections as warranted.

The revenue agency encouraged employers seeking taxpayer relief to submit form RC4288 or call revenue agents at 1-800-959-5525.

To contact the reporter on this story: Jared Mondschein at jmondschein@bna.com

To contact the editor responsible for this story: Michael Trimarchi at mtrimarchi@bna.com

For More Information

The Canadian Revenue Agency announcement is available at http://news.gc.ca/web/article-en.do?nid=1062219.

The form to apply for tax relief provisions is available at http://www.cra-arc.gc.ca/taxpayerrelief/.

More information on payroll issues in the Canada can be found in the Canada country primer.