Tax Controversy and Dispute Resolution: Tax Memo

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Late-Filed T1135: Court Denies Waiver of Penalties and Interest in Asper Holdings

A recent Federal Court case, Leonard Asper Holdings v. Attorney General of Canada, demonstrates the need to ensure appropriate information returns are filed on time, as required by the Income Tax Act. The court dismissed applications for judicial review of the decision of the director of the Winnipeg Tax Services Office to deny a taxpayer request for relief from penalties and arrears reassessed due to late filing of T1135 forms.

Read this Tax Memo to get the background and our Tax Controversy and Dispute Resolution group’s observations.