GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Income Tax Regulations — 205
205 (1) All returns required under this Part shall be filed with the Minister without notice or demand and, unless otherwise specifically provided, on or before the last day of February in each year and shall be in respect of the preceding calendar year. (2) Where a person who is required to make a return under this Part discontinues his business or activity, the return shall be filed within 30 days of the day of the discontinuance of the business or activity and shall be in respect of any calendar year or a portion thereof prior to the discontinuance of the business or activity for which a return has not previously been filed. (3) For the purpose of subsection 162(7.01) of the Act, the following types of information returns are prescribed: First Home Savings Account Statement T4FHSA Government Service Contract Payments T1204 International Electronic Funds Transfer Report International Exchange of Information on Financial Accounts Information Return (Part XVIII of the Act) Part XX Information Return – Digital Platform Operators Past Service Pension Adjustment (PSPA) Exempt from Certification or Permitted Corrective Contribution (PCC) T215 Pension Adjustment Reversal (PAR) or Pension Adjustment Correction (PAC) T10 Pooled Registered Pension Plan (PRPP) Contribution Information Return Registered Retirement Savings Plan (RRSP) Contribution Information Return Statement of Amounts Paid or Credited to Non-residents of Canada NR4 Statement of Benefits T5007 Statement of Canada Pension Plan Benefits T4A(P) Statement of Contract Payments T5018 Statement of Distributions from a Retirement Compensation Arrangement (RCA) T4A-RCA Statement of Employee Profit Sharing Plan Allocations and Payments T4PS Statement of Employment Insurance and Other Benefits T4E Statement of Farm-support Payments AGR-1 Statement of Fees, Commissions, or Other Amounts Paid to Non-residents for Services Rendered in Canada T4A-NR Statement of Income from a Registered Retirement Income Fund T4RIF Statement of Investment Income T5 Statement of Old Age Security T4A(OAS) Statement of Pension, Retirement, Annuity and Other Income T4A Statement of Registered Retirement Savings Plan (RRSP) Income T4RSP Statement of Remuneration Paid T4 Statement of Securities Transactions T5008 Statement of Trust Income Allocations and Designations T3 Tax-free Savings Account (TFSA) Annual Information Return Tuition and Enrolment Certificate Universal Child Care Benefit Statement RC62 [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/2013-199, s. 1; SOR/2015-170, s. 2; 2018, c. 27, s. 36 2022, c. 19, s. 73 2023, c. 26, s. 97 2024, c. 15, s. 75 SOR/2024-231, s. 2
Income Tax Regulations — 205.1
205.1 (1) For the purpose of subsection 162(7.02) of the Act, the following types of information returns are prescribed and must be filed electronically if more than five information returns of that type are required to be filed for a calendar year: First Home Savings Account Statement T4FHSA Government Service Contract Payments T1204 International Electronic Funds Transfer Report Part XVIII Information Return — International Exchange of Information on Financial Accounts Pooled Registered Pension Plan (PRPP) Contribution Information Return Registered Retirement Savings Plan (RRSP) Contribution Information Return Registered Retirement Savings Plans and Registered Retirement Income Funds Non-qualified Investments Statement of Amounts Paid or Credited to Non-residents of Canada NR4 Statement of Benefits T5007 Statement of Canada Pension Plan Benefits T4A(P) Statement of Contract Payments T5018 Statement of Employment Insurance and Other Benefits T4E Statement of Farm-support Payments AGR-1 Statement of Fees, Commissions, or Other Amounts Paid to Non-residents for Services Rendered in Canada T4A-NR Statement of Income from a Registered Retirement Income Fund (RIF) T4RIF Statement of Investment Income T5 Statement of Old Age Security T4A(OAS) Statement of Partnership Income T5013 Statement of Pension, Retirement, Annuity and Other Income T4A Statement of Remuneration Paid T4 Statement of Registered Retirement Savings Plan (RRSP) Income T4RSP Statement of Securities Transactions T5008 Statement of Trust Income Allocations and Designations T3 Tax-free Savings Account (TFSA) Annual Information Return Tuition and Enrolment Certificate Universal Child Care Benefit Statement RC62 (2) For purposes of subsection 150.1(2.1) of the Act, a prescribed corporation is any corporation 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 Acts and regulations.] SOR/99-20, s. 1; SOR/2011-295, s. 1; SOR/2015-140, s. 1; 2018, c. 27, s. 37 2022, c. 19, s. 74 2023, c. 26, s. 98 2024, c. 15, s. 76 SOR/2024-231, s. 3
Income Tax Regulations — 206
206 (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.
Income Tax Regulations — 207
207 (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 Acts and regulations.] SOR/94-686, s. 50(F)
Income Tax Regulations — 208
208 [Repealed, SOR/2010-93, s. 2] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/83-866, s. 4; SOR/88-165, s. 31(F); SOR/2010-93, s. 2
Income Tax Regulations — 209
209 (1) A person who is required by section 200, 201, 202, 203, 204, 212, 214 (other than subsection 214(1.1)), 215 (other than subsection 215(2.1)), 217 or 218, subsection 219(2) or 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. (5) A person may provide a Statement of Remuneration Paid (T4) information return, a Tuition and Enrolment Certificate, a First Home Savings Account Statement (T4FHSA) information return, a Statement of Pension, Retirement, Annuity, and Other Income (T4A) information return or a Statement of Investment Income (T5) information return, as required under subsection (1), as a single document in an electronic format (instead of the two copies required under subsection (1)) to the taxpayer to whom the return relates, on or before the date on which the return is to be filed with the Minister, unless (a) the specified criteria referred to in section 221.01 of the Act are not met; (b) the taxpayer has requested that the information return be provided in paper format; or (c) at the time the return is required to be issued, (i) if the return is a T4, the taxpayer is on extended leave or is no longer an employee of the person, or (ii) the taxpayer cannot reasonably be expected to have access to the information return in 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; 2017, c. 20, s. 31; 2018, c. 27, s. 38 2022, c. 19, s. 75 2023, c. 26, s. 99 2024, c. 15, s. 77
Income Tax Regulations — 210
210 Every person who makes a payment described in section 153 of the Act (including an amount paid that is described in subparagraph 153(1)(a)(ii) of the Act), or who pays or credits, or is deemed by any of Part I, XIII and XIII.2 of the Act to have paid or credited, an amount described in that section, Part XIII or XIII.2 of the Act, shall, on demand by registered letter from the Minister, make an information return in prescribed form containing the information required in the return and shall file the return with the Minister within such reasonable time as is stipulated in the registered letter. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/88-165, s. 31(F); SOR/2011-188, s. 3; 2016, c. 7, s. 56
Income Tax Regulations — 211
211 (1) Every financial company making a payment in respect of accrued interest by virtue of redemption, assignment or other transfer of a bond, debenture or similar security (other than an income bond, an income debenture or an investment contract in respect of which subsection 201(4) applies) shall make an information return in prescribed form. (2) The return referred to in subsection (1) shall be forwarded to the Minister on or before the 15th day of the month following the month in which the payment referred to in subsection (1) is made. (3) For the purposes of this section, a financial company includes a bank, an investment dealer, a stockbroker, a trust company and an insurance company. (4) The provisions of subsection (1) do not apply to a payment made by one financial company to another financial company. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/88-165, s. 31(F); SOR/91-123, s. 2; SOR/94-686, s. 52(F)
Income Tax Regulations — 212
212 (1) Every trustee of an employees profit sharing plan shall make an information return in prescribed form. (2) Notwithstanding subsection (1), the return required under this section may be filed by the employer instead of by the trustee. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/88-165, s. 31(F)
Income Tax Regulations — 213
213 An administrator of a PRPP must file with the Minister an information return for each calendar year in prescribed form in respect of the PRPP (a) if an agreement concerning annual information returns has been entered into by the Minister and an authority responsible for the supervision of the PRPP under the Pooled Registered Pension Plans Act or a similar law of a province, on or before the day on which an information return required by that authority is to be filed for the calendar year; and (b) in any other case, on or before May 1 of the following calendar year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/88-165, s. 31(F); SOR/94-686, s. 79(F); SOR/2010-93, s. 4; 2012, c. 31, s. 59
Income Tax Regulations — 214
214 (1) Every person who pays any of the following amounts shall make an information return in prescribed form: (a) an amount that is required by subsection 146(8) of the Act to be included in computing the income of a taxpayer for a taxation year; (b) an amount that is an eligible amount, within the meaning of subsection 146.01(1) of the Act; or (c) an amount that is an eligible amount, within the meaning of subsection 146.02(1) of the Act. (1.1) The issuer of a registered retirement savings plan shall make an information return in prescribed form for each calendar year containing the total fair market value of all property held by the plan at the end of the year. (2) If, in a taxation year, subsection 146(7), (9) or (10) of the Act or, in relation to a non-qualified investment, subsection 207.04(1) or (4) of the Act applies in respect of a trust governed by a registered retirement savings plan, the trustee of the plan shall make an information return in prescribed form. (3) Where, in respect of an amended plan referred to in subsection 146(12) of the Act, an amount is required to be included in computing the income of a taxpayer for a taxation year, the issuer of the plan shall make an information return in prescribed form. (4) Where subsection 146(8.8) of the Act deems an amount to be received by an annuitant as a benefit out of or under a registered retirement savings plan and such amount is required by subsection 146(8) of the Act to be included in computing the income of that annuitant for a taxation year, the issuer of the plan shall make an information return in prescribed form. (5) If a payment or transfer of property to which paragraph 146(16)(b) of the Act applies is made from a plan, the issuer of the plan shall make an information return in prescribed form in respect of the payment or transfer. (6) Where an amount may be deducted under subsection 146(8.92) of the Act in computing the income of a deceased annuitant under a registered retirement savings plan, the issuer of the plan shall make an information return in prescribed form in respect of the amount. (7) In this section, annuitant and issuer have the meanings assigned by subsection 146(1) of the Act. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/80-502, s. 3; SOR/83-866, s. 5; SOR/88-165, s. 31(F); SOR/92-51, s. 3; SOR/2001-188, s. 2; SOR/2003-5, s. 5; SOR/2005-264, s. 1; 2009, c. 2, s. 86; 2011, c. 24, s. 76 2023, c. 26, s. 100
Income Tax Regulations — 214.1
214.1 (1) The issuer of a registered retirement savings plan shall make an information return in prescribed form in respect of the amounts that have been paid by the annuitant, or by the spouse or common-law partner of the annuitant, under the plan in a contribution year (a) as consideration for any contract referred to in paragraph (a) of the definition retirement savings plan in subsection 146(1) of the Act to pay a retirement income; or (b) as a contribution or deposit referred to in paragraph (b) of that definition for the purpose stated in that paragraph. (2) For greater certainty and for the purposes of subsection (1), amounts that have been paid do not include amounts that have been paid or transferred under the plan in accordance with subsection 146(16) of the Act, or those that have been transferred under the plan in accordance with any of subsections 146(21), 146.3(14), 147(19) or 147.3(1), (4) or (5) to (7) of the Act. (3) The return shall be filed with the Minister on or before the 1st day of May of the year in which the contribution year ends and shall be in respect of the contribution year. (4) The following definitions apply in this section. contribution year means the period beginning on the 61st day of one year and ending on the 60th day of the following year. ( année de contribution ) issuer has the same meaning as in subsection 146(1) of the Act, with any modifications that the circumstances require. ( émetteur ) [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/2005-123, s. 2
Income Tax Regulations — Income Tax Regulations
contribution year means the period beginning on the 61st day of one year and ending on the 60th day of the following year. ( année de contribution )
Income Tax Regulations — Income Tax Regulations
issuer has the same meaning as in subsection 146(1) of the Act, with any modifications that the circumstances require. ( émetteur )
Income Tax Regulations — 214.2
214.2 (1) The administrator of a pooled registered pension plan shall make an information return in prescribed form in respect of the amount of contributions made to the account of a member of the plan by (a) the member in a contribution year; or (b) an employer of the member in the taxation year of the member that ends in the contribution year. (2) For greater certainty and for the purposes of subsection (1), amounts contributed to the member’s account do not include amounts that have been transferred to the account in accordance with any of subsections 146(16) and (21), 146.3(14), 147(19), 147.3(1), (4) and (5) to (7) and 147.5(21) of the Act. (3) The return shall be filed with the Minister on or before the 1st day of May of the year in which the contribution year ends and shall be in respect of (a) the contribution year in the case of contributions made by the member; and (b) the taxation year of the member that ends in the contribution year in the case of contributions made by an employer. (4) The following definitions apply in this section. administrator has the same meaning as in subsection 147.5(1) of the Act. ( administrateur ) contribution year means the period beginning on the 61st day of one year and ending on the 60th day of the following year. ( année de contribution ) member has the same meaning as in subsection 147.5(1) of the Act. ( participant ) [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/2024-231, s. 4
Income Tax Regulations — Income Tax Regulations
administrator has the same meaning as in subsection 147.5(1) of the Act. ( administrateur )
Income Tax Regulations — Income Tax Regulations
member has the same meaning as in subsection 147.5(1) of the Act. ( participant )
Income Tax Regulations — 215
215 (1) In this section, annuitant and carrier have the meanings assigned by subsection 146.3(1) of the Act. (2) Every carrier of a registered retirement income fund who pays out of or under it an amount any portion of which is required under subsection 146.3(5) of the Act to be included in computing the income of a taxpayer shall make an information return in prescribed form in respect of the amount. (2.1) Every carrier of a registered retirement income fund shall make an information return in prescribed form for each calendar year containing the total fair market value of all property held by the fund at the end of the year. (3) If subsection 146.3(4), (7) or (10) of the Act or, in relation to a non-qualified investment, subsection 207.04(1) or (4) of the Act applies in respect of any transaction or event with respect to property of a registered retirement income fund, the carrier of the fund shall make an information return in prescribed form in respect of the transaction or event. (4) Where an amount is deemed under subsection 146.3(6) or (12) of the Act to be received by an annuitant out of or under a registered retirement income fund, the carrier of the fund shall make an information return in prescribed form in respect of the amount. (5) If a transfer of an amount to which subsection 146.3(14) of the Act applies is made from a fund, the carrier of the fund shall make an information return in prescribed form in respect of the transfer. (6) Where an amount may be deducted under subsection 146.3(6.3) of the Act in computing the income of a deceased annuitant under a registered retirement income fund, the carrier of the fund shall make an information return in prescribed form in respect of the amount. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/84-948, s. 1; SOR/84-967, s. 1; SOR/88-165, s. 31(F); SOR/2003-5, s. 6; SOR/2005-264, s. 2; 2009, c. 2, s. 87; 2011, c. 24, s. 77 2023, c. 26, s. 101
Income Tax Regulations — 216
216 (1) In this section, designated entity means (a) an administrator of a registered pension plan; (b) an administrator of a pooled registered pension plan; (c) an issuer of a registered retirement savings plan; (d) a carrier of a registered retirement income fund; and (e) a trustee of a deferred profit sharing plan. (2) A designated entity that transfers an amount to acquire an advanced life deferred annuity for an individual shall make an information return in prescribed form in respect of the year in which the transfer was made. (3) A licensed annuities provider shall make an information return in prescribed form in respect of a year in which (a) a payment is made that is required by section 146.5 of the Act to be included in computing the income of a taxpayer; or (b) a refund described in paragraph (g) of the definition advanced life deferred annuity in subsection 146.5(1) of the Act was received by a taxpayer. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/81-936, s. 3(F); SOR/86-1092, s. 2; SOR/94-686, s. 81(F); 2011, c. 24, s. 78 2021, c. 23, s. 83
Income Tax Regulations — 217
217 (1) In this section, disposition has the meaning assigned by subsection 148(9) of the Act and includes anything deemed to be a disposition of a life insurance policy under subsection 148(2) of the Act; ( disposition ) insurer has the meaning assigned by paragraph 148(10)(a) of the Act; ( assureur ) life insurance policy [Repealed, SOR/2011-188, s. 4] (2) Where by reason of a disposition of an interest in a life insurance policy an amount is required, pursuant to paragraph 56(1)(j) of the Act, to be included in computing the income of a taxpayer and the insurer that is the issuer of the policy is a party to, or is notified in writing of, the disposition, the insurer shall make an information return in prescribed form in respect of the amount. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/78-449, s. 4; SOR/84-967, s. 2; SOR/88-165, s. 31(F); SOR/2003-5, s. 7; SOR/2010-93, s. 5(F); SOR/2011-188, s. 4
Income Tax Regulations — Income Tax Regulations
disposition has the meaning assigned by subsection 148(9) of the Act and includes anything deemed to be a disposition of a life insurance policy under subsection 148(2) of the Act; ( disposition )
Income Tax Regulations — Income Tax Regulations
insurer has the meaning assigned by paragraph 148(10)(a) of the Act; ( assureur )
Income Tax Regulations — Income Tax Regulations
life insurance policy [Repealed, SOR/2011-188, s. 4]
Income Tax Regulations — 218
218 (1) Every person who, within the meaning of section 135 of the Act, makes payments to residents of Canada pursuant to an allocation in proportion to patronage shall make an information return in prescribed form in respect of payments so made. (2) Every person who receives a payment referred to in subsection (1) as nominee or agent for another person resident in Canada shall make an information return in prescribed form in respect of the payment so received. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/88-165, s. 31(F)