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November 8, 2010

Taxpayer relief deadline: December 31, 2010

In a news release on its website, the Canada Revenue Agency (CRA) reminds taxpayers and all tax registrants that they have until December 31, 2010 to file requests under the taxpayer relief provisions for the 2000 tax year and any reporting period that ended during the 2000 calendar year.

According to the CRA news release, "taxpayer relief provisions of the Income Tax Act limit the discretion of the Minister of National Revenue to cancel or waive penalties and interest, accept certain late-filed, amended, or revoked income tax elections; and issue income tax refunds beyond the normal three-year period (for individuals and testamentary trusts only). This only applies to tax years that ended within the 10 calendar years immediately preceding the calendar year in which a request is made."

Taxpayers and registrants or their authorized representatives can make a taxpayer relief request by completing Form RC4288, Request for Taxpayer Relief, or by writing to their tax services office. For more information, please see:
http://www.cra-arc.gc.ca/nwsrm/rlss/2010/m11/nr101108-eng.html?eml

Posted by Taxes.ca Editorial Team [permalink]

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