Tax wiki
s. 207.2
PART XI.1 — Tax in Respect of Deferred Income Plans and Other Tax Exempt Persons
Return and payment of tax
Not yet annotated · Text current to 2026-06-21 · section last amended 2004-08-31
Current text
Within 90 days after the end of each year, a taxpayer to whom this Part applies shall
file with the Minister a return for the year under this Part in prescribed form and containing prescribed information, without notice or demand therefor;
estimate in the return the amount of tax, if any, payable by it under this Part in respect of each month in the year; and
pay to the Receiver General the amount of tax, if any, payable by it under this Part in respect of each month in the year.
Liability of trustee
(2)Where the trustee of a trust that is liable to pay tax under this Part does not remit to the Receiver General the amount of the tax within the time specified in subsection 207.2(1), the trustee is personally liable to pay on behalf of the trust the full amount of the tax and is entitled to recover from the trust any amount paid by the trustee as tax under this section.
Provisions applicable to Part
(3)Subsections 150(2) and 150(3), sections 152 and 158, subsections 161(1) and 161(11), sections 162 to 167 and Division J of Part I are applicable to this Part with such modifications as the circumstances require.
Source: Justice Laws Website. Not an official version.
Historic text
This section has not been amended since the start of the point-in-time record on 31 August 2004.
Earlier versions: Justice Laws point-in-time versions of the Act (from 31 August 2004), and CanLII (under “Versions”). On Justice Laws, each version of section 207.2 links to the one before it.
Enacting and amending legislation
- 1973-74, c. 30, s. 23; 1974-75-76, c. 26, s. 116; 1979, c. 5, s. 60; 1980-81-82-83, c. 48, s. 115; 1985, c. 45, s. 126(F); 1986, c. 6, s. 113
Text before 2004 is found in the annual Statutes of Canada cited above. Application and coming-into-force provisions are not part of the consolidation; see the amending Acts.
Cross-references
Citation
Income Tax Act, R.S.C. 1985, c. 1 (5th Supp.), s. 207.2.