Taxpayer Relief Applications – Penalty & Interest Forgiveness
Penalty and interest amounts on tax debt can be crippling. The interest and penalties have piled up making it difficult to pay off the CRA debt and it seems unfair, given your circumstances, the CRA insists upon the payment of interest and penalties.
The Canada Revenue Agency offers amnesty from interest and penalties through the Taxpayer Relief Program. If you qualify for relief, the reduction or cancellation of interest and penalties can represent a huge sum of money. Even if you have paid off the entire balance of the tax arrears, you still may be able to receive the refund of interest and penalty amounts.
At Mather Tax Law, we have helped many clients successfully receive the full benefit of the Taxpayer Relief Program and have had hundreds of thousands of dollars of interest and penalties cancelled.