Concept

Partnership Adjustments

Chopp v. R., 98 DTC 6014, [1998] 1 CTC 407 (FCA) / CRA restricts taxpayer requests to revise permissive deductions

"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.\n\nNeal Armstrong. Summaries of Information Circular IC75-7R4 Taxpayer Requested Adjustments, September 9, 2025 under s. 152(4) and s. 152(1.1), h/t Adam Friedlan."

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Partnership Adjustments | Chopp v. R., 98 DTC 6014, [1998] 1 CTC 407 (FCA) | Bifalgorithm | Bifalgorithm