CRA to be given discretion to accept late rent and wage subsidy applications
Bill C-19, An Act to implement certain provisions of the budget tabled in Parliament on April 7, 2022 and other measures, was introduced by the government on April 28, 2022 (it contains the draft legislation we referred to in our April 27, 2022 item).
Included in this Bill is proposed subsection 125.7(16), which appears to provide the CRA with the discretion to accept late rent and wage subsidy applications. If the Bill is passed, the provision will come into effect on April 11, 2020.
According to the explanatory notes to the legislation that was also released, this amendment “would provide the Canada Revenue Agency with the specific discretion to accept late filed subsidy applications on a case-by-case basis in exceptional circumstances, consistent with the more general existing fairness rules.”
We will provide further details as they become available.