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.
XXX
This is in response to your memorandum of February 13, 1980, concerning the late filing of an election under subsection 93(1) of the Income Tax Act before the provision for late filing pursuant to subsection, 93(5) of the Act became effective on December 6, 1979.
We concur with the way that you have been dealing with the late filing of elections under subsection 93(1) of the Act, as outlined in your memorandum, before the provision for late filing pursuant to subsection 93(5) of the Act became effective on December 6, 1970. As outlined in your memorandum, where an election under subsection 93(1) of the Act is late filed prior to December 6, 1979 it will be accepted as being filed on December XXX, 1979, the date that the late filing provision under subsection 93 of the Act became effective, if it meets the time requirements of that subsection and if the penalty is paid before the end of 1979 or very shortly thereafter.
Please advise us of the taxpayer's names, the amounts elected on, the late filing period and penalty involved and any extenuating circumstances if any, where this procedure has been adopted.
We trust that this information will be of assistance to you.
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© Her Majesty the Queen in Right of Canada, 1980
Tous droits réservés. Il est permis de copier sous forme électronique ou d'imprimer pour un usage interne seulement. Toutefois, il est interdit de reproduire, de modifier, de transmettre ou de redistributer de l'information, sous quelque forme ou par quelque moyen que ce soit, de facon électronique, méchanique, photocopies ou autre, ou par stockage dans des systèmes d'extraction ou pour tout usage autre que ceux susmentionnés (incluant pour fin commerciale), sans l'autorisation écrite préalable de l'Agence du revenu du Canada, Ottawa, Ontario K1A 0L5.
© Sa Majesté la Reine du Chef du Canada, 1980
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