Reminder: Taxpayer Relief Deadline for 2005 Requests is December 31, 2015

by in Tax Advice Information and Updates
Reminder:  Taxpayer Relief Deadline for 2005 Requests is December 31, 2015
Just a friendly reminder:  If you would like to submit a taxpayer relief request to the CRA related to the 2005 tax year, you have until the end of the year (December 31, 2015) to submit your request.  Taxpayer relief is limited to tax years or reporting periods that ended within 10 calendar years of the year the taxpayer relief request is made. 

This deadline applies to taxpayer relief requests for the tax year 2005, any reporting period ended during the 2005 calendar year and any interest and penalties accrued during 2005 tax year for any tax year or reporting period.

The Taxpayer Relief Program allows the CRA to cancel penalties or interest if taxpayers or registrants are unable to meet their tax obligations due to circumstances beyond their control.  The CRA can also accept certain late-filed, amended or revoked income tax elections and issue income tax refunds or reduce income tax payable beyond the normal three-year reassessment period. 

To make a taxpayer relief request, you or your authorized representative like KD may fill out the form Form RC4288 Request for Taxpayer Relief - Cancel or Waive Penalties or Interest.

Source: cra.gc.ca 

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