Subsection 2411(3)
Paragraph 2411(3)(a)
Administrative Policy
14 May 2015 CLHIA Roundtable, 2015-0573861C6 - 2015 CLHIA Roundtable-Regulation 2411(3)(a)election
Can an insurer elect under Reg. 2411(3)(a) subsequently to filing its income tax return? CRA responded:
There is no specific provision for the acceptance of a late filed election under paragraph 2411(3)(a)… .
The court cases and the Rulings opinions…[respecting] late filed designations under paragraph 55(5)(f) or subsection 104(13.1)… can be distinguished from an election under the Act. … Administratively, there is no requirement that the CRA extend the taxpayer relief provisions to elections other than those listed in section 600 of the Regulations.
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Regulations - Regulation 600 | 89 |