Southern Alberta was recently hit by the worst flooding the
Province has ever seen according to Premier Redford – but in
true Alberta spirit, the Province is rallying together to recover
from this natural disaster!
With respect to tax obligations, it is important to note that if
you or your business were unable to meet some of your tax
obligations due to the recent flooding, relief from the Canada
Revenue Agency (the "CRA") may be available. The
Minister of National Revenue (the "Minister") reminded
taxpayers of the availability of the taxpayer relief provisions in
respect of the Alberta floods in a press release on June 22, 2013. An example of relief
for corporations who are unable to file their T2 taxation returns
by July 2, 2013 was noted in the release. It's important
to remember that the taxpayer relief provisions are available to
all taxpayers including individuals, partnerships, organizations,
trusts and goods and services tax ("GST")
registrants.
