Canada Revenue Agency Penalty
Are Revenue Canada interest and penalties cleared in a bankruptcy (not a court penalty, a penalty set by Revenue Canada for late-filing for example).
Are Revenue Canada interest and penalties cleared in a bankruptcy (not a court penalty, a penalty set by Revenue Canada for late-filing for example).
Yes they are. In fact, the taxes that you owe (that gave rise to the interest and penalties) will be eliminated if you file bankruptcy or a proposal too.