If your business has been affected by the flooding in western Newfoundland, here are some useful numbers and links to help you get back to business.
CRA has the ability to cancel or waive penalties or interest under extraordinary circumstances, which includes natural or human-made disasters such as flood or fire. To submit a request for taxpayer relief, you will need complete form RC4288, Request for Taxpayer Relief – Cancel or Waive Penalties or Interest.
The provincial government has a Disaster Financial Assistance Program (NL-DFAP) available to residents, non-profit organisations, small businesses and communities. Compensation for damages is based on criteria established by both the federal and provincial disaster financial assistance programs. Application forms are available on the government website, and you can get more information by calling 1-888-395-5611 or by e-mailing [email protected].
If your business has not been affected by the flooding, however you are located in an area that may be at risk, now is the perfect time to formulate an Emergency Preparedness Plan. If you do not currently have a plan in place, and don’t know where to begin, we have a template you can use.
If you have further questions or concerns, please do not hesitate to contact our Business Counselor at 1-888-234-2232 or by e-mail at [email protected].