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Canada: Deadline for companies with foreign affiliates filing T1134

Canada: Deadline for companies filing T1134

The Department of Finance on 25 October 2018 issued a release (a Notice of Ways and Means Motion) concerning the deadline for companies to file T1134 “Information Return Relating To Controlled and Not-Controlled Foreign Affiliates.”


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The deadline is to be shortened to 12 months (from 15 months) after the year-end for tax years beginning after 2019 and to 10 months for tax years beginning after 2020. The announcement reflects that Finance has relaxed its plans to tighten the filing deadline (previously proposed as six months after year-end).

Generally, Canadian resident taxpayers (including certain partnerships) with foreign affiliates must file form T1134 for each foreign affiliate in a reporting year or period.


Read an October 2018 report [PDF 175 KB] prepared by the KPMG member firm in Canada

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