May 2016 Alberta CPA Roundtable, Q.17

Policy Tabs

Summaries

Summary Under

onus on CRA re assessing T1135 penalties outside normal statute-barring periods

Respecting whether a s. 162(7) penalty for failure to file a T1135 can be assessed beyond the normal reassessment period, CRA stated that although...

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Summary Under

T1135 filings for all years required

CRA stated that in the context of a voluntary disclosure respecting failure to file T1135s, “the taxpayer would have to complete the T1135 for...

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Summary Under

penalty not an absolute liability penalty

CRA acknowledges that assessing a s. 162(7) penalty for failure to file T1135s for periods before the normal reassessment period (as potentially...

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