Is it possible for me to cancel or waive penalties and interest ?

In certain situations, the Canada Revenue Agency may consider providing relief. It's important to promptly address late or incorrect tax filings or delayed payments with the Canada Revenue Agency to explore potential options for easing your financial obligations.

You can explore the following options:

• Requesting to waive penalties or interest, which is also available through Revenu Québec.
• Using the Canada Revenue Agency’s Voluntary Disclosures Program (VDP) to disclose unreported income or errors on any previous tax returns.
• Remember, while dealing with these matters may seem overwhelming, the Canada Revenue Agency is there to assist you, and so are we. You can handle this.