Deadline for Taxpayer Relief 2017

by in Canadian Government News and Updates
Deadline for Taxpayer Relief 2017

If you have not filed your income tax return for the tax year 2007, you have until December 31, 2017 to submit your request under the taxpayer relief provisions.

The CRA administers the taxpayer relief provisions that allows them to cancel or waive penalties or interest, accept certain late, amended or revoked elections (income tax only) and refund or reduce the amount payable beyond the normal 3-year period (for individuals and testamentary trusts only.)

There is a 10-year time limit on the taxpayer relief provisions which means that if you want to submit a request with regards to the 2007 tax year, your request must be sent by the end of this year. Please note that this 10-year time limit also applies to GST/HST registrants.

The CRA may grant relief from penalty or interest when the following types of situations prevent a taxpayer from meeting his or her tax obligations: extraordinary circumstances, actions of the CRA, inability to pay or financial hardship, other circumstances.

If you need assistance with regards to any of your unfiled tax returns, please give us a call. We will be happy to help you out!

Source: http://www.taxtips.ca/filing/taxpayerrelief.htm, https://www.canada.ca/en/revenue-agency/services/about-canada-revenue-agency-cra/complaints-disputes/taxpayer-relief-provisions.html

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