CRA, reversing position, indicates that it is not precluded from acting on requests by a bankrupt individual to open up statute-barred years

CRA has reversed an earlier position that only the trustee of a bankrupt individual, may make a request CRA to amend a tax return after the normal reassessment period for a taxation year of the individual prior to bankruptcy (within the 10 year limitation period)– so that CRA now considers that it is permitted to act on such a request from the bankrupt individual.

Neal Armstrong. Summary of 8 March 2016 Memo 2015-0614421I7 under s. 152(4.2).