CRA will not provide special COVID extensions of the 6-month deadline under s. 247(4) to complete contemporaneous documentation

CRA indicated that it will not provide any COVID-related relief regarding the requirement under s. 247(4) to complete contemporaneous documentation meeting statutory requirements within six months of the end of the relevant taxation year – although it noted that it has the authority under s. 220(3.1) to waive penalties or interest, as described further in IC07-1R1.

Neal Armstrong. Summary of 17 May 2022 IFA Roundtable, Q.9 under s. 247(4).