Nortel Networks Corporation, July 21, 2016

July 21, 2016

We understand that a number of you have received letters from the Canada Revenue Agency (CRA) regarding your Notice of Objection to appeal the taxes paid on the health and welfare trust payments you received in 2014. For the most part, these letters are standard form letters confirming receipt of your objection and reminding you that if you did not pay the taxes on your 2014 payments and received a Notice of Assessment stating that you owe taxes for these payments in 2014, you should pay these amounts as interest may be accruing. We expect that the vast majority of you did pay the tax on the 2014 payments, for which you should have received a tax slip (T4 or T4A). If you did pay your taxes, you do not need to take any action. You can keep the letter in your records as confirmation that your Notice of Objection was filed on time.

If you have received a letter that states otherwise and you have questions about it, please contact us at nortel@kmlaw.ca or call us at 1-866-777-6344.

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