Section 152.28 — Employment Insurance Act: Application of Income Tax Act

Subject to this Part and except as otherwise provided by regulation made under subsection (2), the provisions of Divisions I and J of Part I of the Income Tax Act with respect to payment of tax, assessments, objections to assessments, appeals, interest, penalties and excess refunds, and the provisions of Part XV of that Act (except section 221) and subsections 248(7) and (11) of that Act apply, with any modifications that the circumstances require, in relation to any amount paid or payable as or on account of the premium for a year in respect of self-employed earnings as though that amount were an amount paid or payable as or on account of tax under that Act. The Minister of National Revenue may, with the approval of the Governor in Council, make regulations exempting any provision of Divisions I and J of Part I of the Income Tax Act from the application of subsection (1); or specifying that any provisions of either of those Divisions apply with the modifications specified in the regulations.