The 2013 federal budget announced that Form T1135 would be revised to require more detailed information. The budget also announced a three-year extension of the normal reassessment period if the taxpayer fails to file the form when required or fails to report required information on the form. These measures apply for the 2013 and subsequent taxation years.
For more information, contact your KPMG adviser.
Information is current to July 03, 2013. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour 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 upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500