Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.
APFF - 1995
Question 29
Election under section 216 of the Act
The election provided under section 216 of the Act must generally be made within two years from the end of a given year. There is no provision in the Act to allow for the possibility of a late election.
Does the Department of Finance plan to put forward an amendment to section 216 to allow a late election? Does Revenue Canada plan to apply any of the Fairness provisions to the section 216 election?
Answer by the Department of Revenue
Section 216 allows a non-resident taxpayer receiving certain types of taxable income under Part XIII, primarily rental income, the option of filing a tax return under Part I and paying the tax on it instead of paying Part XIII tax. The Fairness Package does not contain any provision that would allow a taxpayer to file his return late. The filing deadline to take advantage of this election can therefore not extend beyond the two-year period specified in section 216.
Answer by the Department of Finance
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