Failing to provide or providing an incorrect TSIN

Failing to provide the tax shelter identification number

We can assess a penalty of $100 for each failure if the tax shelter identification number is missing on a form.

Providing an incorrect tax shelter identification number

If you give an incorrect tax shelter identification number, you may be guilty of an offence and, if convicted, liable to:

• a fine from 100% up to 200% of the cost of the tax shelter interest;
• imprisonment up to two years; or
• both a fine and imprisonment.

Date modified:

2016-03-04