Cancelling or waiving penalties and interest

We may cancel or waive penalties or interest charges when you fail to pay an amount due to circumstances beyond your control. For additional information on such circumstances, see information circular IC07-1, Taxpayer Relief Provisions.

If you are in one of these situations, let us know about the problem and try to pay any amount owing as soon as possible. If you think there is a valid reason for cancelling or waiving penalty or interest charges, send us a letter explaining why you feel the penalty or interest charges should be cancelled or waived. Or, you can use form RC4288, Request for Taxpayer Relief, to make a request.

You may have paid an amount of interest or a penalty that is later cancelled after you make an application under the CRA's taxpayer relief provisions. We will calculate interest on this overpayment 30 days after your written request or Form RC4288 was received.

Forms and publications

• T2 Corporation – Income Tax Guide (T4012)
• Corporation Instalment Guide (T7B-CORP)
• Form RC4288, Request for Taxpayer Relief
• Information Circular IC07-1, Taxpayer Relief Provisions

Date modified:

2015-12-15