CRA indicates that it has no statutory authority to postpone collection of source deductions

CRA indicated that the Income Tax Act, Employment Insurance Act and Canada Pension Plan Act contain no equivalent provisions to s. 314(2) or 315(3) of the Excise Tax Act regarding the collection of source deduction trust funds, so that there is no statutory authority providing for the postponement of collection action on amounts owing for such amounts. However, CRA Collections has the administrative authority to withdraw any collection actions, such as garnishment, upon entering into a payment arrangement with the taxpayer.

Neal Armstrong. Summaries of 2024 Alberta CPA Roundtable, Q.3 under ITA s. 222(2) and ETA s. 315(3).