Hyperlawhypertext legal database Indian Statute-Barred Income Tax Assessment Remission Order current to 2019-06-21

SI-89-128 Indian Statute-Barred Income Tax Assessment Remission Order

Current to 2019-06-21 · last amended 2006-03-22

Contents
Provision

Her Excellency the Governor General in Council, considering that it is in the public interest to make the annexed remission order, is pleased hereby, on the recommendation of the Minister of Indian Affairs and Northern Development, the Minister of National Revenue and the Treasury Board, pursuant to section 23 of the Financial Administration Act, to make the annexed Order respecting the remission of statute-barred income tax assessed as payable by Indians.

Short Title

s. 1

This Order may be cited as the Indian Statute-Barred Income Tax Assessment Remission Order.

Interpretation

s. 2

In this Order,

s. 2, definition “indian”

Indian has the meaning assigned to that term by subsection 2(1) of the Indian Act. (Indien)

Remission

s. 3

Remission is hereby granted to any Indian of income tax equal to the amount payable by that Indian pursuant to an assessment under the Income Tax Act, including any assessed penalty relating thereto and all interest payable thereon, where the amount assessed, the penalty and the interest have not been paid and the statutory limitation period in respect of the assessment expired before 1988.