12.2. Every person who remits to the Minister a negotiable instrument which is subsequently refused on account of insufficient funds by the financial institution upon which it is drawn shall pay a fee of $15.
The fee shall be added to the debt of the taxpayer. It is exigible from the date of the refusal by the financial institution and bears interest from that date at the rate fixed under section 28.
The Minister shall cancel the fee provided for in the first paragraph if, within 90 days after a notice of the refusal by the financial institution is sent to the taxpayer, it is proved that the instrument should not have been refused on account of insufficient funds.
The Government may, by regulation, change the amount of the fee applicable to such negotiable instruments.