Remission
2012, c.55, s.1
20(1)The Board may remit any tax, fee or penalty.
20(1.1)The Minister may remit any tax and any associated interest and penalties in any of the following circumstances:
(a)
the bankruptcy of the taxpayer;
(b)
in the case of the tax imposed under the
Real Property Tax Act,
(i)
the property account number is terminated,
(ii)
the Minister purchases or attempts to sell the real property at a sale held under section 12 of that Act, or
(iii)
the real property is assessed in the name of the Province and tax arrears are due and payable on the property; or
(c)
the total amount to be remitted does not exceed $25,000 and the Minister considers it in the public interest to do so or considers that hardship or injustice has resulted or is likely to result.
20(2)A remission under this section may be total or partial, conditional or unconditional.
20(3)Remissions under any Act are to be paid out of the Consolidated Fund and, if more than $500, are to be reported in the Public Accounts.
R.S.1973, c.F-11, s.26; 1994, c.19, s.1; 2012, c.55, s.2; 2016, c.37, s.70; 2019, c.29, s.59; 2022, c.42, s.6