Excise Tax Act (R.S.C., 1985, c. E-15)

AMENDMENTS NOT IN FORCE

• — 2023, c. 26, s. 81

  • • 81 (1) Section 278 of the Act is amended by adding the following before subsection (1):

      • Definition of electronic payment

        • 278 (0.1) In this section, electronic payment means any payment or remittance to the Receiver General that is made through electronic services offered by a person described in any of paragraphs (3)(a) to (d) or by any electronic means specified by the Minister.

    • (2) The portion of subsection 278(3) of the Act before paragraph (a) is replaced by the following:

      • Electronic payment

        (3) Every person that is required under this Part to pay or remit an amount to the Receiver General shall, if the amount is $10,000 or more, make the payment or remittance by way of electronic payment, unless the person cannot reasonably pay or remit the amount in that manner, to the account of the Receiver General at or through

    • (3) Subsections (1) and (2) apply in respect of payments and remittances made after 2023.

• — 2023, c. 26, s. 82

  • • 82 (1) The Act is amended by adding the following after section 280.11:

      • Penalty — electronic payment

        280.12 Every person that fails to comply with subsection 278(3) is liable to a penalty equal to $100 for each such failure.

    • (2) Subsection (1) applies in respect of payments and remittances made after 2023.