66. The Minister may determine any amount payable by an employer, including interest and penalties. He may also redetermine any such amount and make a new assessment or establish an additional assessment.
After each assessment, the Minister shall give notice thereof to the employer. Thereupon, the assessment shall be valid and binding, subject to being varied or vacated on an objection or review, and the employer is liable to pay to the Minister the amount thereof forthwith.
However, no assessment may be made by the Minister in respect of an employer after four years have elapsed from the day on which that amount should have been paid, unless the employer has filed no returns, has engaged in misrepresentation or has committed fraud in supplying the required information or unless a waiver has been filed with the Minister on the prescribed form.
1965 (1st sess.), c. 24, s. 63; 1993, c. 15, s. 11; 1996, c. 31, s. 36; 1997, c. 86, s. 10.