Canada Publishes Updated Tax Collection Policies

The Canada Revenue Agency has published an updated version of its Tax Collection Policies document (Circular IC98-1R7). The document provides an overview of collection policies for individuals, businesses, and organizations in relation to filing and payment, the canceling or waiving of penalties or interest, legal action to collect, and other related issues for individual and corporate income tax and goods and services tax / harmonized sales tax. The latest version, with a modification date o…