Form E571 Late Accounting Penalties Application for Waiver, Cancellation - Canada (English / French)

Form E571, Late Accounting Penalties Application for Waiver, Cancellation, is a form used in Canada for individuals or businesses to request a waiver or cancellation of late accounting penalties. The form is available in both English and French and can be used to explain the circumstances and reasons for the delay in filing accounting information.

In Canada, it is the taxpayer or their authorized representative who files the Form E571 Late Accounting Penalties Application for Waiver, Cancellation.

FAQ

Q: What is Form E571?
A: Form E571 is an application for waiver or cancellation of late accounting penalties in Canada.

Q: What is the purpose of Form E571?
A: The purpose of Form E571 is to request the Canada Revenue Agency to waive or cancel late accounting penalties.

Q: What are late accounting penalties?
A: Late accounting penalties are financial penalties imposed by the Canada Revenue Agency for filing accounting documents late.

Q: Who can use Form E571?
A: Any individual or business in Canada who has been assessed late accounting penalties can use Form E571.

Q: Is Form E571 available in both English and French?
A: Yes, Form E571 is available in both English and French.

Q: What information is required on Form E571?
A: Form E571 requires information such as the taxpayer's identification number, penalty reference number, and reasons for requesting the waiver or cancellation.

Q: How long does it take for the CRA to process Form E571?
A: The processing time for Form E571 may vary, but it typically takes several weeks for the CRA to review and respond to the application.

Q: Can I appeal if my Form E571 is denied?
A: Yes, if your Form E571 is denied, you have the right to appeal the decision with the Canada Revenue Agency.