Amend, revoke, or file a late tax election

A late tax election is when a taxpayer asks the CRA for permission to make a tax related decision after the normal filing deadline has passed.

In certain circumstances, a taxpayer can choose between:

using a default set of tax rules (i.e. standard process)
electing (choosing) an alternative set of rules

These "elections" give taxpayers options and flexibility in handling their financial matters.

The Canada Revenue Agency (CRA) may allow you to modify or cancel elections that have already been filed, or file an election even if you missed the deadline.

Sections

Which tax elections qualify: Eligible elections, time limitation, and the penalty charged for accepted requests
Who can apply: Determine if your situation qualifies to make a request
Get ready to apply: What to consider before you make a request
How to apply: Gather your information and include your penalty payment
After you apply: What happens if your request is approved, what you can do if your request is denied

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2014-08-27

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Amend, revoke, or file a late tax election

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