Vol. 150, No. 21 — October 19, 2016
SI/2016-57 October 19, 2016
FINANCIAL ADMINISTRATION ACT
Simpson Family Trust Remission Order
P.C. 2016-867 October 7, 2016
His Excellency the Governor General in Council, considering that the collection of certain amounts of taxes, penalties and interest are unjust, on the recommendation of the Minister of National Revenue, pursuant to subsection 23(2) (see footnote a) of the Financial Administration Act (see footnote b), remits to the Simpson Family Trust the following amounts paid or payable under Part I of the Income Tax Act (see footnote c):
- (a) taxes in the amounts of $217.50, $13,708.34 and $13,708.33 for the 2004, 2005 and 2006 taxation years, respectively;
- (b) late-filing penalties in the amounts of $54.26, $3,527.86 and $3,527.85 for the 2004, 2005 and 2006 taxation years, respectively; and
- (c) all relevant interest on those taxes and penalties.
(This note is not part of the Order.)
This Order remits a portion of the taxes, penalties and all relevant interest thereon, paid or payable by the Simpson Family Trust for its 2004, 2005 and 2006 taxation years.
The amounts remitted represent the additional tax, penalty and interest incurred by the Simpson Family Trust as a result of incorrect advice on the part of Canada Revenue Agency officials.