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

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

Post by WiseGuy » Wed Jan 02, 2013 2:10 am

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.

nelsona
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Post by nelsona » Wed Jan 02, 2013 12:43 pm

And how is this a cross-border tax question?
Nelsona Non grata. Non pro. Search previous posts. Happy Browsing :D

tsanaha
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Post by tsanaha » Wed Jan 02, 2013 3:40 pm

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

tsanaha
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Post by tsanaha » Wed Jan 02, 2013 3:42 pm

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

nelsona
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Post by nelsona » Wed Jan 02, 2013 6:19 pm

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.
Nelsona Non grata. Non pro. Search previous posts. Happy Browsing :D

WiseGuy
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Post by WiseGuy » Wed Jan 02, 2013 11:31 pm

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

nelsona
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Post by nelsona » Thu Jan 03, 2013 11:12 am

Nice try. Keep searching.
Nelsona Non grata. Non pro. Search previous posts. Happy Browsing :D

WiseGuy
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Post by WiseGuy » Thu Jan 03, 2013 6:50 pm

It's true.

JGCA
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Post by JGCA » Thu Jan 03, 2013 7:23 pm

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.
JG

WiseGuy
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Post by WiseGuy » Thu Jan 03, 2013 8:33 pm

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 ... n-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]

nelsona
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Post by nelsona » Thu Jan 03, 2013 9:38 pm

So, you answered your own question.

Taught how to fish.

You're welcome.
Nelsona Non grata. Non pro. Search previous posts. Happy Browsing :D

nelsona
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Post by nelsona » Thu Jan 03, 2013 9:40 pm

Now, while the CRA is bound by the 3-year rule, unfortunately, your adjustment restarts that for them.
Nelsona Non grata. Non pro. Search previous posts. Happy Browsing :D

WiseGuy
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Post by WiseGuy » Fri Jan 04, 2013 12:15 am

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

JGCA
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Post by JGCA » Fri Jan 04, 2013 10:26 am

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.
JG

WiseGuy
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Post by WiseGuy » Fri Jan 04, 2013 3:31 pm

Thank you!

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