The Canada Revenue Agency has recently issued this policy statement to provide guidance regarding when and under what conditions a selected listed financial institution may request to late file an election under subsection 225.2(4) of the Excise Tax Act.
CRA GST/HST Policy P-250
CRA GST/HST Policy Statement P-250, “Late-filed subsection 225.2(4) elections”
Tax Development Jun 12, 2008