Tax Relief

CRA encourages flood-affected Canadians to use for tax breaks

The Canada Revenue Agency encourages flood-affected Canadians to seek tax breaks that could save them deadlines, penalties, and interest as they grapple with the disaster.

The CRA issued the notice Tuesday when the third of three consecutive storms struck British Columbia, which was already hit by the catastrophic floods of November 14th and 15th.

Southwest Newfoundland, Labrador and Nova Scotia communities were also hit by record-breaking storms last week, with additional rainfall expected on Tuesday.

Continue reading:

Damage from BC, Atlantic storms no easy solution, needs to be dealt with quickly: experts

“The CRA understands that the safety and well-being of loved ones is currently the primary concern of those affected,” said a press release from the agency.

The story continues under the advertisement

“The CRA wants to ensure that Canadians faced with such exceptional circumstances are treated fairly if they are unable to meet their tax obligations during that time.”

Trend stories

  • School shooting in Michigan: 3 dead, 8 injured after students open fire

  • Canada may have to do “more” to combat the COVID-19 variant of Omicron, Trudeau says

Flood-affected residents, business owners and first-aiders can apply for the CRA’s tax exemption program, which provides penalty or interest relief in “exceptional circumstances” at the Finance Minister’s discretion.


Click here to play the video:


2:13
Soaking up ideas: How “sponge cities” can absorb water and prevent flooding


Soaking up ideas: How “sponge cities” can absorb water and prevent flooding

Taxpayers may also want to sign up for a direct deposit with the CRA rather than receiving postal checks received, the CRA added, as they can experience postage delays.

Anyone with debt who needs help at this time can also contact the CRA Debt Management Call Center at 1-888-863-8657 for assistance.

April 30th is the deadline for filing taxes in Canada this year. The federal government did not extend the deadline in 2021 as it did with the first outbreak of the COVID-19 pandemic in 2020.

© 2021 Global News, a division of Corus Entertainment Inc.

Related Articles