Amend, revoke, or file a late tax election

• Which tax elections qualify
• Who can apply
• Get ready to apply
• How to apply
• After you apply

How to apply

Steps

1. Get your information ready

   To apply, gather the following:

   • Your name, address, and telephone number
   • Your social insurance number, trust account number, business number, or any other identification number the Canada Revenue Agency (CRA) assigned to you
   • The tax year(s) or fiscal period(s) involved
   • The dates and details of the transactions
   • The details of the late election, and an explanation of why it is late
   • The dates and details of the original election, including an explanation of why you are asking to have an election amended or revoked
   • Complete and accurate information for the election
   • A brief description regarding the income tax implications of the acceptance or denial of the request for all parties involved
   • Appropriate revised schedules, if accepting the request involves changes to continuing tax account balances, for example, capital cost allowance schedules, reserve account schedules, Canadian exploration or development expense account schedules
   • For requests that involve you and other taxpayers, an agreement to the requested change signed by all parties

2. Indicate the type of review

   Tell us if this is a:

   • First review (first time applying)
   • Second administrative review

     A second administrative review request is when you ask the CRA to reconsider its original decision.

     Refer to: Second administrative review

3. Write a cheque for the penalty

   Penalty payments can be sent the CRA with your request.

   It is CRA policy not to accept late, amended, or revoked elections, or to process or adjust the income tax return, unless the penalty amount noted above is paid.

   After the CRA receives your payment, if there is an amount outstanding, the CRA will determine and assess the unpaid balance, which you must pay immediately.

   In certain circumstances, the CRA may cancel or waive the penalty amount. For more information, refer to: Cancel or waive penalties and interest.

   A request to waive the penalty amount may be submitted with the request to file a late, amended, or revoked election. You do not have to file a separate penalty relief request.

4. Apply by mail

   Send your request, in writing, to the tax centre where you file your return. Include the penalty payment.

   To find your tax centre, refer to: Find a CRA address

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