Summary Policy

Date
November 3, 2005

Reference Number
CSP - F15

Key Words
Fairness

Policy Statement

Under the Income Tax Act, the Minister may waive or cancel all or any portion of any penalty or interest otherwise payable under the Act by a charity in respect of a taxation year.

More information is available at: Fairness provisions

References

• Assessment, CSP-A27.
• Financial Penalties, CSP-F17.
• Revocation Tax, CSP-R24.
• Income Tax Act, R.S.C. 1985 (5^th supp.) c. 1, ss. 220(3.1).