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Register for the IPBC Webinar Mar 1, 2026
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Agenda
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All Rates
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Prescribed Interest rates
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What CRA is doing to fight the underground economy
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Repeat Offenders ITA S. 163(1)
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False statements or omission ITA S. 163(2)
amounts to gross negligence
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Gross negligence 50% of tax - ITA 163(2)
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Gross negligence 25% of net tax ETA S. 285
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| Third party Civil Penalties |
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ITA S. 163.2 Misrepresentation
culpable conduct means conduct, whether an act or a failure to act, that
(a) is tantamount to intentional conduct;
(b) shows an indifference as to whether this Act is complied with; or
(c) shows a wilful, reckless or wanton disregard of the law
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ETA S. 285.1
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Third party civil penalties-preparer/planner
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Knowingly misrepresenting, willful blindness...
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SCC - Top Tax Court upholds third party penalties
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| Individuals |
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Interest and penalties
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Instalments
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Excess contributions to an RSP
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Tax payable on excess TFSA amount
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| Charities & RCAAAs |
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Penalties & suspensions
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| NPO's |
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NPO risk project
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| Corporations |
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Payments
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Avoiding Penalties
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Understanding interest
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| GST/HST |
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Penalties & interest
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| Payroll |
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Penalties, interest, and other consequences
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| Electronic Suppression of Sales - Zappers |
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Sales Zappers
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Proposed federal legislation - September 2013
Note we're talking about both:
Civil penalties ITA S. 163.3, ETA S. 285.01
Criminal penalties ITA S. 239.1, ETA S. 327.1
Hmmm... civil and criminal penalties added together plus provincial legislation, amounts could be tripled ???
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R. v. Au 2011 BCSC 75 (CANLII)
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InfoSpec Systems Inc. 2013 BCAA 333 (CANLII)
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Civil penalties ITA S. 163.3
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Criminal penalties ITA S 239.1
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Civil penalties ETA S. 285.01
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Criminal penalties ETA S. 327.1
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| Voluntary Disclosure |
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The program
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| Taxpayer Relief - Fairness Provisions |
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Taxpayer Relief
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CRA Fairness links
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IC-07 Fairness
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RC4288 Request for Taxpayer Relief
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RC376 Taxpayer Relief Request Form
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TaxTips.ca TaxPayer Relief Explained
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| Checklists |
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Pay Attention to CRA Media Releases
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RC4018 Efilers - preparers responsibilities
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FINTRAC checklist
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Personal Tax Checklist
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Tax Preparers Minimizing Risk Checklist
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WorkBook
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Communicating with CRA
Free one hour YouTube video
Useful Links
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