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Finance committee Yes. Thanks, Kevin. I would say that for most filings and elections within the Income Tax Act there is always an ability to amend or file late. There usually is a penalty attached to it. There are a few things within the Income Tax Act where there is a hard deadline. One of them
April 1st, 2021Committee meeting
Tara Benham
Finance committee That's correct.
April 1st, 2021Committee meeting
Tara Benham
Finance committee Thanks, Kevin. Let's look a little more closely at the issue. Currently, if the deadline is missed, the applicant loses 100% of the subsidy. There is no ability to amend the claim upward, so if the business finds they have made a mistake that would result in a larger claim, that
April 1st, 2021Committee meeting
Tara Benham