Get ready to apply

Before you make a request, make sure you have:

• Filed your tax return and received your notice of assessment, reassessment, or determination
• Prepared records proving your qualifying situation (extraordinary circumstances, hardship, CRA actions)
• Met the 10-year limitation period (for example, a request relating to a fiscal period ending June 19, 2019 must be made by December 31, 2029)
• Been informed that if the CRA accepts your late, amended, or revoked election request, you are liable for a penalty, which is the lesser of the following amounts:

  • $8,000

  • $100 for each complete month from the election's original due date to the date your request was made in a form satisfactory to the CRA