Income Tax Regulations (C.R.C., c. 945)

Regulations are current to 2014-09-01 and last amended on 2014-06-19. Previous Versions

Electronic Filing

  •  (1) A person who is required to make an information return under this Part, or who files an information return on behalf of a person who is required to make an information return under this Part, shall file the information return with the Minister in an electronic format if more than 500 such returns are to be filed for the calendar year.

  • (2) For purposes of subsection 150.1(2.1) of the Act, a “prescribed corporation” is any corporation whose gross revenue exceeds $1 million except

    • (a) an insurance corporation as defined in subsection 248(1) of the Act;

    • (b) a non-resident corporation;

    • (c) a corporation reporting in functional currency as defined in subsection 261(1) of the Act; or

    • (d) a corporation that is exempt under section 149 of the Act from tax payable.

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending regulations. SOR/99-20, s. 1;
  • SOR/2011-295, s. 1.

Legal Representatives and Others

  •  (1) Where a person, who is required to make a return under this Part, has died, such return shall be filed by his legal representative within 90 days of the date of death and shall be in respect of any calendar year or a portion thereof prior to the date of death for which a return has not previously been filed.

  • (2) Every trustee in bankruptcy, assignee, liquidator, curator, receiver, trustee or committee and every agent or other person administering, managing, winding-up, controlling or otherwise dealing with the property, business, estate or income of a person who has not filed a return as required by this Part shall file such return.

Ownership Certificates

  •  (1) An ownership certificate completed pursuant to section 234 of the Act shall be delivered to the debtor or encashing agent at the time the coupon, warrant or cheque referred to in that section is negotiated.

  • (2) The debtor or encashing agent to whom an ownership certificate has been delivered pursuant to subsection (1) shall forward it to the Minister on or before the 15th day of the month following the month the coupon, warrant or cheque, as the case may be, was negotiated.

  • (3) The operation of section 234 of the Act is extended to a bearer coupon or warrant negotiated by or on behalf of a non-resident person who is subject to tax under Part XIII of the Act in respect of such a coupon or warrant.

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending regulations. SOR/94-686, s. 50(F).

 [Repealed, SOR/2010-93, s. 2]

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending regulations. SOR/83-866, s. 4;
  • SOR/88-165, s. 31(F);
  • SOR/2010-93, s. 2.

Distribution of Taxpayers Portions of Returns

  •  (1) A person who is required by section 200, 201, 202, 204, 212, 214, 215, 217 or 218, subsection 223(2) or section 228, 229, 230, 232, 233 or 234 to make an information return shall forward to each taxpayer to whom the return relates two copies of the portion of the return that relates to that taxpayer.

  • (2) The copies referred to in subsection (1) shall be sent to the taxpayer at his last known address or delivered to him in person, on or before the date the return is required to be filed with the Minister.

  • (3) A person may send a document, as required under subsection (1), in an electronic format if the person has received the express consent of the taxpayer, and in that case, the person shall send a single copy to the taxpayer, on or before the date on which the return referred to in subsection (1) is to be filed with the Minister.

  • (4) In subsection (3), “express consent” means consent given in writing or in an electronic format.

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending Acts and regulations. SOR/85-160, s. 1;
  • SOR/87-512, s. 1;
  • SOR/89-519, s. 1;
  • SOR/92-455, s. 1;
  • SOR/93-527, s. 3;
  • SOR/2003-5, s. 4;
  • 2009, c. 2, s. 85;
  • SOR/2010-93, s. 3.