Penalties

Any person, promoter, tax professional, or other third party who is closely or remotely involved with the development of a tax shelter, is exposed to penalties regarding false or misleading information, or omission of or inappropriate use of the tax shelter identification number.

Forms and publications

• Form T5001, Application for Tax Shelter Identification Number and Undertaking to Keep Books and Records
• Form T5001-INSTR, Instructions for applying for a tax shelter identification number
• Form T5003, Statement of Tax Shelter Information
• Form T5003SUM, Tax Shelter Information Return
• Form T5004, Claim for Tax Shelter Loss or Deduction

Date modified:

2016-03-04