Will CRA permit a blanket PLOI election (specifying that it is being made for each debt owing from the particular debtor to the particular CRIC)?
Response
: If the filing due date is the same for electing PLOI treatment for more than one amount owing:
[A] single written communication may be prepared and filed with the Minister which contains an election for each particular amount owing. However, in order for a PLOI election to be valid, in our view, it must refer to a specific amount owing.
