Directors' liability . : Rv48-3/89-2R3-2014E-PDF
This circular outlines the consequences that corporate directors may face when the corporation that they are a director of fails to deduct, withhold, remit, or pay certain amounts of money held in trust for the Crown. Under these circumstances, corporate directors may be held personally liable under sections 227.1 of the Income Tax Act (ITA), 323 of the Excise Tax Act (ETA), 81 of the Air Travellers Security Charge Act (ATSCA), 295 of the Excise Act, 2001 (EA2001), 95 of the Softwood Lumber Products Export Charge Act, 2006 (SLPECA) and similar provisions of the Canada Pension Plan and the Employment Insurance Act.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.822092&sl=0
| Department/Agency | Canada Revenue Agency. |
|---|---|
| Title | Directors' liability . |
| Series title | Income tax information circular ; IC89-2R3 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Other language editions | [French] |
| Format | Electronic |
| Electronic document | |
| Note(s) | "Date: April 10, 2014." "This version is only available electronically." "This circular cancels and replaces Information Circular IC89-2R2, dated March 24, 2006." Issued also in French under title: Responsabilité des administrateurs. |
| Publishing information | [Ottawa] : Canada Revenue Agency, 2014. |
| Description | 6 p. |
| Catalogue number |
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| Subject terms | Taxation Income tax Taxation regulations |