Definitions

Cancel

The term "cancel" refers to a penalty or interest amount that is assessed or charged for which relief is granted, in whole or in part, by the Canada Revenue Agency (CRA).

Waive

The term "waive" refers to a penalty or interest amount that is not yet assessed or charged for which relief is granted, in whole or in part, by the CRA.

Taxpayer

Includes individual, employer or payer, corporation, partnership, organization, trust, estate, goods and services tax/harmonized sales tax (GST/HST) registrant or claimant.

Related topics

• Cancel or waive penalties or interest
• Late, amended, or revoked elections
• Refund or reduce the amount payable beyond the normal three-year period