Form 4288: Fill out & sign online

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Does CRA forgive tax debt?

In order for CRA debt to be forgiven, you must file a consumer proposal or bankruptcy. Otherwise the full amount will continue to be owed to CRA.

How do I get relief from CRA?

To submit your request for relief, we recommend you use Form RC4288, Request for Taxpayer Relief - Cancel or Waive Penalties and Interest....Cancel or waive penalties or interest extraordinary circumstances; actions of the CRA; inability to pay or financial hardship; other circumstances.

Does CRA forgive tax debt?

In order for CRA debt to be forgiven, you must file a consumer proposal or bankruptcy. Otherwise the full amount will continue to be owed to CRA.

What is the taxpayer Relief?

COVID-19: Taxpayer relief Once individuals have filed their 2020 income tax and benefit return, they will not be required to pay interest on any outstanding income tax debt for the 2020 tax year until April 30, 2022. This will give Canadians more time and flexibility to pay if they have an amount owing.

How do I get relief from CRA?

To submit your request for relief, we recommend you use Form RC4288, Request for Taxpayer Relief - Cancel or Waive Penalties and Interest....Cancel or waive penalties or interest extraordinary circumstances; actions of the CRA; inability to pay or financial hardship; other circumstances.

How do I get relief from CRA?

To submit your request for relief, we recommend you use Form RC4288, Request for Taxpayer Relief - Cancel or Waive Penalties and Interest....Cancel or waive penalties or interest extraordinary circumstances; actions of the CRA; inability to pay or financial hardship; other circumstances.

Does CRA charge interest on penalties?

If you do not pay an amount that is due, the CRA may apply interest from the day your payment was due. The CRA sets the interest rate every three months, based on prescribed interest rates. Interest is compounded daily. The CRA also applies interest to unpaid penalties.

How do I ask CRA to waive interest and penalties?

To make a request, fill out Form RC4288, Request for Taxpayer Relief \u2013 Cancel or Waive Penalties or Interest.

Form 4288-2025

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