If we have an assessment, let's say, on a combined federal-provincial debt of $500, then we collect $300 of that, the province gets paid the face value, and we absorb the loss of $200 at the federal level.
Assistant Commissioner, Taxpayer Services and Debt Management Branch, Canada Revenue Agency
If we have an assessment, let's say, on a combined federal-provincial debt of $500, then we collect $300 of that, the province gets paid the face value, and we absorb the loss of $200 at the federal level.
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