Income Tax Act

Marginal note:Return and payment of tax

• 207 (1) Within 90 days after the end of each year after 1971, a taxpayer to whom this Part applies shall

  • (a) file with the Minister a return for the year under this Part in prescribed form and containing prescribed information, without notice or demand therefor;

  • (b) estimate in the return the amount of tax, if any, payable by the taxpayer under this Part in respect of each month in the year; and

  • (c) pay to the Receiver General the amount of tax, if any, payable by the taxpayer under this Part in respect of each month in the year.

• Marginal note:Liability of trustee

  (2) Where the trustee of a taxpayer who is liable to pay tax under this Part does not remit to the Receiver General the amount of the tax within the time specified in subsection 207(1), the trustee is personally liable to pay on behalf of the taxpayer the full amount of the tax and is entitled to recover from the taxpayer any amount paid by the trustee as tax under this section.

• Marginal note:Provisions applicable to Part

  (3) Subsections 150(2) and 150(3), sections 152 and 158, subsections 161(1) and 161(11), sections 162 to 167 and Division J of Part I are applicable to this Part with such modifications as the circumstances require.