June 30 Tax Deadline is Looming for Non-Residents

An important deadline is approaching for non-residents with certain Canadian-source income. June 30 is the deadline to file elected returns under Section 216 (pertaining to rental income) and Section 217 (pertaining to Canadian source pension income). There may be significant consequences for missing this deadline as returns received after this date, generally aren’t accepted. Here’s what you need to know:

Knowledge Bureau Designate Highlight: Ellie Jenner

Knowledge Bureau holiday hours

Although the new T1 Return and Schedules will not be available from the CRA website until January 7, the forms went to print on December 16 and are available in EverGreen Explanatory Notes right now.

'Tis the season and Canada Revenue Agency will once again send out an estimated 33,000 letters to Canadian taxpayers asking them to “reconsider” their prior year’s personal tax return. 

The new T1 return includes a space to send the taxpayer’s email address to CRA.

Recently, the Tax Court of Canada (TCC) levied interest and gross negligence penalties against five taxpayers who were shareholders and operators of a family restaurant.