If a corporation (including for-profit or non-profit) does not deduct, remit, or pay amounts held in trust for the Receiver General (Canada Pension Plan, employment insurance, and income tax), the directors of the corporation at the time of the failure are jointly and severally, or solidarily, liable along with the corporation, to pay the amount due. This amount includes penalties and interest.

However, if the directors take action to ensure the corporation makes the necessary deductions or remittances, we will not hold the directors personally responsible. For more information, see Information Circular IC89-2R3, Directors' Liability.

Forms and publications

• Information Circular IC89-2R3, Directors' Liability