Other penalties

We can also charge penalties to a corporation for not providing information on an authorized or prescribed form. The most common forms are:

• Form T106, Information Return of Non-Arm's Length Transactions with Non-Residents
• T5013 Summary, Information Return of Partnership Income
• T5018, Statement of Contract Payments
• Form T1134, Information Return Relating to Controlled and Not-Controlled Foreign Affiliates
• Form T1135, Foreign Income Verification Statement
• Form T1141, Information Return in Respect of Transfers or Loans to a Non-Resident Trust
• Form T1142, Information Return in Respect of Distributions From and Indebtedness to a Non-Resident Trust

References
Sections 162 and 163.1 of the Income Tax Act

Forms and publications

• T2 Corporation – Income Tax Guide (T4012)
• Corporation Instalment Guide (T7B-CORP)

Date modified:

2015-12-15