Global

Details

  • Service: Tax, International Executive Services, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 12/11/2013

Canada - Taxpayer relief request for 2003 due 31 December 

December 11: Taxpayers have until 31 December 2013 to file a request for taxpayer relief (i.e., the “old fairness” provision) for:
  • The 2003 tax year
  • Any reporting period that ended during the 2003 calendar year
  • Any interest and certain penalties that accrued during the 2003 calendar year, for any tax year or reporting period

Taxpayers and GST/HST registrants (or their authorized representatives) can make a taxpayer relief request by completing Form RC4288, Request for Taxpayer Relief.


The taxpayer relief provisions limit the discretion of the Minister of National Revenue to:


  • Cancel or waive penalties and interest when taxpayers are unable to meet their tax obligations due to circumstances beyond their control
  • Accept certain late-filed, amended or revoked income tax elections
  • Issue income tax refunds beyond the normal three-year period (for individuals and testamentary trusts only)

These provisions only apply to tax years that ended within the 10 calendar years immediately preceding the calendar year in which a request is made.


Read a December 2013 report prepared by the KPMG member firm in Canada: Reminder - Taxpayer 2003 Fairness Deadline is December 31, 2013




©2014 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.


The KPMG logo and name are trademarks of KPMG International.


KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever.


The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.


Direct comments, including requests for subscriptions, to us-kpmgwnt@kpmg.com.
For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at:

+ 1 202 533 4366

1801 K Street NW
Washington, DC 20006.

 

Share this

Share this

Subscribe

Subscribe to receive the latest TaxNewsFlash email alerts (you must select the option for TaxNewsFlash)


Already a Subscriber? Login


Not a member? Subscribe now