Précis: The taxpayer had over-contributed to his RRSP in the amount of $12,029 by the end of 2008. The Minister subsequently assessed the taxpayer tax, interest and penalties for 2008 to 2013 under Part X.1 of the Act in respect of the over-contributions. At trial CRA waived the penalties. The taxpayer argued unsuccessfully that the 2008 to 2011 years were statute-barred. The Court found that the limitation period under Part X.1 of the Act did not run until the taxpayer filed a return in respect of the over-contributions.
Hall v. R. - TCC: No limitation period on excess RRSP contributions where no return filedREAD MORE »