David Sherman, Balaji Katlai, "Is a taxpayer required to correct a past error?", Tax for the Owner-Manager, Vol. 20, No. 2, April 2020, p. 1

Summary Under
Tax Topics - Income Tax Act - Section 239 - Subsection 239(1) - Paragraph 239(1)(d)

No requirement to correct error in return (p. 1)

  • In specific instances, a legislative or regulatory requirement is imposed to correct an error in...

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Summary Under
Tax Topics - Income Tax Act - Section 152 - Subsection 152(4) - Paragraph 152(4)(a) - Subparagraph 152(4)(a)(i)
failure to correct subsequently-discovered honest mistake does not open up statute-barred period
  • It can be inferred that Parliament did not intend to impose an obligation to correct a subsequently discovered error in an income tax or GST/HST...

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