I-3 - Taxation Act

Section 1079.8.13 Disposition versions

2020-09-24

1079.8.13. If, in relation to a transaction to which any of sections 1079.8.5 to 1079.8.6.1 applies, the taxpayer who carried out the transaction or a member of the partnership that carried out the transaction fails to send, in accordance with that section, an information return within the time limit provided for in section 1079.8.10 in respect of the transaction, the taxpayer or the partnership, as the case may be, incurs a penalty of up to $100,000 comprising a penalty of $10,000 and a penalty of $1,000 a day, as of the second day, for every day the failure continues.

However, the taxpayer or the partnership, as the case may be, may not incur, in respect of the same failure, both the penalty provided for in the first paragraph and the penalty provided for in section 59 of the Tax Administration Act (chapter A-6.002).

2010, c. 25, s. 189; 2010, c. 31, s. 175; 2017, c. 1, s. 359; 2020, c. 16, s. 172.

2017-02-08

1079.8.13. If, in relation to a transaction to which any of sections 1079.8.5 to 1079.8.6.1 applies, the taxpayer who carried out the transaction or a member of the partnership that carried out the transaction fails to send, in accordance with that section, an information return within the time limit provided for in section 1079.8.10 in respect of the transaction, the taxpayer or the partnership, as the case may be, incurs a penalty of $10,000 and an additional penalty of $1,000 a day, as of the second day, for every day the failure continues, up to $100,000.

However, the taxpayer or the partnership, as the case may be, may not incur, in respect of the same failure, both the penalty provided for in the first paragraph and the penalty provided for in section 59 of the Tax Administration Act (chapter A-6.002).

2010, c. 25, s. 189; 2010, c. 31, s. 175; 2017, c. 1, s. 359.

2011-04-01

1079.8.13. If, in relation to a transaction to which section 1079.8.5 or 1079.8.6 applies, a taxpayer who carried out the transaction or a member of a partnership that carried out the transaction fails to send, in accordance with that section, an information return within the time limit provided for in section 1079.8.10 in respect of the transaction, the taxpayer or the partnership, as the case may be, incurs a penalty of $10,000 and an additional penalty of $1,000 a day, as of the second day, for every day the failure continues, up to $100,000.

However, the taxpayer or the partnership, as the case may be, may not incur, in respect of the same failure, both the penalty provided for in the first paragraph and the penalty provided for in section 59 of the Tax Administration Act (chapter A-6.002).

2010, c. 25, s. 189; 2010, c. 31, s. 175.

2010-10-27

1079.8.13. If, in relation to a transaction to which section 1079.8.5 or 1079.8.6 applies, a taxpayer who carried out the transaction or a member of a partnership that carried out the transaction fails to send, in accordance with that section, an information return within the time limit provided for in section 1079.8.10 in respect of the transaction, the taxpayer or the partnership, as the case may be, incurs a penalty of $10,000 and an additional penalty of $1,000 a day, as of the second day, for every day the failure continues, up to $100,000.

However, the taxpayer or the partnership, as the case may be, may not incur, in respect of the same failure, both the penalty provided for in the first paragraph and the penalty provided for in section 59 of the Act respecting the Ministère du Revenu (chapter M-31).

2010, c. 25, s. 189.