<Monetary threshold for LF preparation>

• Not applicable

<Preparation deadline>

• By the due date for filing the company’s tax return, which is within 6 months after the end of the fiscal year.

  • Reference: Subsection 247(1) of the Income Tax Act

<Submission deadline>

• Within 3 months of a request by the tax authority.

  • Reference: Transfer Pricing Memorandum 05R2

<Language>

• English or French.

<Penalty>

• A penalty of 10% of the transfer pricing adjustment may be imposed.

  • Reference: Subsection 247(3) of the Income Tax Act