The Canada Revenue Agency (CRA) recently alerted taxpayers and all tax registrants of the December 31, 2010 deadline to file requests under the taxpayer relief provisions for the 2000 tax year and any reporting period that ended during the 2000 calendar year. At one time, taxpayer relief provisions were commonly referred to as “fairness provisions” or “fairness legislation”.
Under the Income Tax Act and the Excise Tax Act tax relief provisions, the Minister of National Revenue (the Minister) has some discretion to cancel or waive penalties and interest, and accept certain late-filed, amended, or revoked income-tax elections. Under these provisions, the Minister can also issue income tax refunds beyond the normal three-year period (for individuals and testamentary trusts only). However, these provisions will only apply to tax years or reporting periods that ended within the 10 calendar years immediately preceding the calendar year in which a request is made.
The CRA also invites those taxpayers or registrants to make a request before the deadline if they may be involved in a tax process with the CRA (for example, an audit, objection or appeal) and may be unsure if they need taxpayer relief.
Published by Deloitte
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