*** Transcriber's Note: Please set your voice synthesizer to read most punctuation. When you encounter the caret sign at the end of a line, please enter the applicable information, if necessary. *** Canada Revenue Agency Protected B when completed RC342 E (18) (Front) Request by an Insolvency Practitioner for a Waiver of the Requirement to File a T2 Corporation Income Tax Return Under Subsection 220(2.1) of the Income Tax Act Part 1 - Insolvency practitioner* Name of insolvency practitioner ^ Trustee licence number ^ Address of insolvency practitioner ^ Name of insolvent corporation ^ Business number of insolvent corporation ^ Fiscal period** Tax year start (Year/Month/Day) ^ Tax year end (Year/Month/Day) ^ Effective (Date (Year/Month/Day)) ^ , (Insolvency practitioner) ^ was appointed as the (Capacity) ^ of the above corporation. * Insolvency practitioner refers to a trustee in bankruptcy, a receiver, or a liquidator, and every agent or other person administering, managing, winding up, controlling, or otherwise dealing with the property, business, estate, or income of a corporation, other than a shareholder, director, officer or employee of the corporation. ** The corporation's tax year is its fiscal period. A fiscal period cannot be longer than 53 weeks (371 days). Complete a separate form for each period. Part 2 - Certification We cannot prepare a corporation income tax return for the fiscal period noted above. The actions and reasonable efforts taken to compile, examine, or reproduce the necessary records of the corporation for the purposes of filing the outstanding corporation income tax return for the above-noted insolvent corporation are described below. (If you need more space, attach a separate page.) RC342 E (18) (Back) Part 3 - Acknowledgement We acknowledge that the minister of national revenue may make a future request for documents or information for the return if the requirement to file the return is waived as requested. We will make such documents or information available to the authorities designated by the minister of national revenue, upon request. We acknowledge that all relevant available financial information of the corporation, if any, in regards to the preparation of this request may be subject to inspection and audit by the relevant governmental authorities. We further acknowledge that a waiver does not rule out compliance, present and future, by the insolvency practitioner with all other relevant provisions of the Income Tax Act, including subsection 128(1) or with section 22 of the Bankruptcy and Insolvency Act. Part 4 - Authorized signatory In accordance with the certification and acknowledgement in parts 2 and 3, we ask that the minister of national revenue waive the requirement to file a corporation income tax return for the above fiscal period. (Name of insolvency practitioner firm) ^ , (Capacity) ^ for (Name of insolvent corporation) ^ , and not in its personal capacity, per: (Signature of the individual insolvency practitioner representing the insolvent corporation) ^ , (Date (Year/Month/Day)). ^ Mail or fax this completed form to your tax services office's Insolvency Intake Centre: Quebec, Ontario and Atlantic Regional Insolvency Intake Centre Canada Revenue Agency Shawinigan-Sud National Verification and Collection Centre 4695 Shawinigan-Sud Boulevard Shawinigan QC G9P 5H9 Telephone (toll free): 1-866-248-1576 Fax (toll-free) (Quebec proceedings): 1-800-567-9325 Fax (toll-free) (Atlantic and Ontario proceedings): 1-866-229-0839 Pacific and Prairies Regional Insolvency Intake Centre Canada Revenue Agency Surrey National Verification and Collection Centre 9755 King George Boulevard Surrey BC V3T 5E1 Telephone (toll-free): 1-866-891-7403 Fax (toll-free): 1-866-219-0311 Privacy statement Personal information is collected under the Income Tax Act to administer tax, benefits, and related programs. It may also be used for any purpose related to the enforcement of the Act such as audit, compliance and collection activities. It may be shared or verified with other federal, provincial, territorial or foreign government institutions to the extent authorized by law. Failure to provide this information may result in interest payable, penalties or other actions. Under the Privacy Act, individuals have the right to access, or request correction of, their personal information, or to file a complaint with the Privacy Commissioner of Canada regarding the handling of their personal information. Refer to Personal Information Bank CRA PPU 047 at canada.ca/cra-info-source.