A-6.002 - Tax Administration Act

Section 59.5.11 Disposition versions

2017-02-08

59.5.11. A person who contravenes section 34.2 incurs a penalty equal to

(a)  $100,000 if the person contravenes that section after the Minister has assessed a penalty payable by the person under this section;

(b)  $50,000 if the person contravenes that section after the Minister has assessed a penalty payable by the person under section 59.5.10; or

(c)  $10,000 in any other case.

A person does not incur the penalty provided for in the first paragraph in respect of an action of the person if the person exercised the degree of care, diligence and skill that a reasonably prudent person would have exercised in comparable circumstances to prevent the action from occurring.

2017, c. 1, s. 7.