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Excise Tax Act

Version of section 7 from 2003-01-01 to 2007-03-31:


Marginal note:Penalty for default

  •  (1) Every person who refuses or neglects to make a return as required by subsection 5(1) is liable to a penalty of five per cent of the amount of tax unpaid at the expiration of the time for filing the return.

  • Marginal note:Idem

    (2) Every person who refuses or neglects to make a return as required by subsection 5(2) or (3) is liable to a penalty of ten dollars for each day of default or fifty dollars, whichever is the lesser.

  • [NOTE: Application provisions are not included in the consolidated text
  • see relevant amending Acts and regulations.]
  • R.S., 1985, c. E-15, s. 7
  • R.S., 1985, c. 7 (2nd Supp.), s. 3
  • 2003, c. 15, s. 94

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