Metaguest.AI Announces CRA Review of Payroll Remittances

Executive Summary

• The Canada Revenue Agency (“CRA”) reviewed Metaguest.AI’s payroll remittances for 2024‑2025 and determined a total amount owing of approximately $536,000, including interest and penalties.
• About $112,000 of the liability has already been satisfied using CRA refunds; the remaining balance is being addressed through negotiations with the CRA.
• Metaguest.AI confirms it remains current on ongoing payroll remittances and continues normal business operations while reflecting the estimated liability in its financial records.

Key Details

• CRA review covered payroll remittance periods for fiscal years 2024 and 2025.
• Total assessed amount: $536,000 (principal, interest, penalties).
• Amount already satisfied: $112,000 via available CRA refunds.
• Remaining balance to be settled through forthcoming arrangements with the CRA.
• Company states it is current on all ongoing payroll remittances despite historical shortfall.
• The liability has been recorded as a best‑estimate provision in Metaguest.AI’s financial statements and will be updated as further information becomes available.

Notable Quotes

(No direct quotes were provided in the release.)