Chapter

CRA restricts taxpayer requests to revise permissive deductions

From Deyab v. Canada, 2020 FCA 222 by Sambif

Concepts

  1. Permissive Deductions

    "CRA has issued a new Circular to replace Information Circular IC75-7R3 Reassessment of a Return of Income and Information Circular IC84-1 Revision of CCA Claims and Other Permissive Deductions, both

  2. TPR Requests

    "If a taxpayer requests a revision to a permissive deduction claimed in a taxation year after the time for filing a notice of objection has passed, such a request will only be considered if\n\nit was

  3. Partnership Adjustments

    "At the partnership level, adjustments will only be considered if all members of the partnership meet the conditions set out in the Circular, and all partners' tax returns remain open to reassessment.

CRA restricts taxpayer requests to revise permissive deductions | Deyab v. Canada, 2020 FCA 222 | Bifalgorithm | Bifalgorithm