Sentences with phrase «penalty relief under»

Since the introduction in 2004 of a 10 - year limitation period for interest and penalty relief under subsection 220 (3.1) of the Income Tax Act, the CRA has administered the provision as if the 10 - year period for applying for relief expires on December 31st of the 10th year following the taxation year assessed (i.e., December 31, 2010 for taxation year 2000).

Since the introduction in 2004 of a 10 - year limitation period for interest and penalty relief under subsection 220 (3.1) of the Income...

Not exact matches

Several of those groups, including the National Restaurant Association, the Retail Industry Leaders Association and the Food Marketing Institute, had been fighting hard for what they referred to as «transition relief,» extra time for companies that must provide health insurance to their workers under the new law to implement the changes without having to fear financial penalties for not doing so properly.

Taxpayers will still be required to pay any tax and interest that is owed, but under the program a filer can apply for relief from prosecution and penalties.

Under innocent spouse tax relief, innocent spouses can be relieved of paying tax, interest and penalties caused by a spouse or former spouse who omitted or wrongly reported items on a tax return.

Since relief from forfeiture is an equitable remedy, the Court must consider the proceedings and the conduct of the parties under the circumstances, and any such terms as to payment of rent, costs, expenses, damages, compensation, penalty or the granting of an injunction to restrain any similar breach in the future.

The Court considered whether to grant «relief from forfeiture» under section 98 of the Courts of Justice Act (which states that «A court may grant relief against penalties and forfeitures, on such terms as to compensation or otherwise as are considered just»).

The Court considered whether to grant «relief from forfeiture» under section 98 of the Courts of Justice Act (which states that «A court may grant relief against penalties and forfeitures, on such terms... Read More

In the Taxpayer Relief Act of 1997, Congress tweaked some of the rules regarding existing IRAs, making penalty - free withdrawals available under some circumstances.