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10 year limit for filing the T1 Adjustment Request (T1-ADJ)

 
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WiseGuy



Joined: 18 Jun 2005
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PostPosted: Wed Jan 02, 2013 2:10 am    Post subject: 10 year limit for filing the T1 Adjustment Request (T1-ADJ) Reply with quote

Hello,

I recently filed (in 2012) a 10 year old T1 return from 2002 in order to get the GST rebate. After I filed, however, I realized a left off some T4 income I should have included.

How do I now make an adjustment to this return if the 10 calendar year limit for filing the T1 Adjustment Request has expired?

Is my only option the Voluntary Disclosure Program (VDP), or do I now have nothing to worry about due to the ten year statute-barred rule coming into effect?

Thanks.
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nelsona



Joined: 27 Oct 2004
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PostPosted: Wed Jan 02, 2013 12:43 pm    Post subject: Reply with quote

And how is this a cross-border tax question?
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tsanaha



Joined: 29 May 2011
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PostPosted: Wed Jan 02, 2013 3:40 pm    Post subject: Reply with quote

Is "Canada / United States Tax & Accounting" only for cross border ?
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tsanaha



Joined: 29 May 2011
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PostPosted: Wed Jan 02, 2013 3:42 pm    Post subject: Reply with quote

Ok

This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.

as I see it
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nelsona



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PostPosted: Wed Jan 02, 2013 6:19 pm    Post subject: Reply with quote

There are so many other websites that can answer straigtforword, or even complexe questions related to Canadian taxation. This website is a cross-border website. Nothing in your question relates to anything to do with cross-border taxation.
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WiseGuy



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PostPosted: Wed Jan 02, 2013 11:31 pm    Post subject: Reply with quote

Sorry, forgot to mention I had U.S. W2 as well as Canadian income in 2002.
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nelsona



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PostPosted: Thu Jan 03, 2013 11:12 am    Post subject: Reply with quote

Nice try. Keep searching.
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WiseGuy



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PostPosted: Thu Jan 03, 2013 6:50 pm    Post subject: Reply with quote

It's true.
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JGCA



Joined: 18 Nov 2010
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Location: Montreal, QC Canada

PostPosted: Thu Jan 03, 2013 7:23 pm    Post subject: Reply with quote

You filed the T1 its considered filed on time if within the timeframe, all you need to do is file the T1 adjustment request amending the return, or simply send ia a letter asking for the change. As for the W2 income it has no effect on the US side as long as it was reported in the US in 2002 and is now included in the T1.
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WiseGuy



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PostPosted: Thu Jan 03, 2013 8:33 pm    Post subject: Reply with quote

Thanks JGCA but according to the CRA they do not accept T1 adjustments past ten calendar years:

How to change your return (http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/chngrtrn-eng.html):

If you need to make a change to any return you have sent us, do not file another return for that year. Wait until you receive your notice of assessment before requesting any change to a return. [b][i]You can only request a change to a return for a tax year ending in any of the 10 previous calendar years. For example, a request made in 2013 must relate to the 2003 or a later tax year to be considered.[/i][/b]
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nelsona



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PostPosted: Thu Jan 03, 2013 9:38 pm    Post subject: Reply with quote

So, you answered your own question.

Taught how to fish.

You're welcome.
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nelsona



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PostPosted: Thu Jan 03, 2013 9:40 pm    Post subject: Reply with quote

Now, while the CRA is bound by the 3-year rule, unfortunately, your adjustment restarts that for them.
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WiseGuy



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PostPosted: Fri Jan 04, 2013 12:15 am    Post subject: Reply with quote

Thanks Nelsona, but I thought we just agreed no T1 Adjustment was possible after ten years?
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JGCA



Joined: 18 Nov 2010
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PostPosted: Fri Jan 04, 2013 10:26 am    Post subject: Reply with quote

YOur return is not past due once it is filed within teh timeframe, now you will receive an assessment ( unlike IRS ) once you get the assessment you then can ask for any changes since the 3 year window is now open.
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JG
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WiseGuy



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PostPosted: Fri Jan 04, 2013 3:31 pm    Post subject: Reply with quote

Thank you!
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