Before you can complete Part 2 on the back, your employer has to complete Part 1 of this form. If you worked for more than one employer in the year or had more than one qualifying period in the year with an employer see question A of Part 1 below , have a separate form completed by each employer and for each qualifying period with the employer. Also if your employment duties, in the period for which the form is being filled, were in connection with two or more contracts under which your employer carried on business outside of Canada, contact the CRA. Enter the tax year for which you are claiming the credit in the designated box. If your employment period covers more than one year, complete a separate form for each year.
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Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA. Reasons : The employer has not issued a T, and we are not able to determine whether his duties of employment are in connection with a contract under which the specified employer carried on business outside Canada. The drilling rig was to be used in the exploration or exploitation of petroleum in Canada and in another country. It does not confirm the income tax treatment of a particular situation involving a specific taxpayer but is intended to assist you in making that determination.
The income tax treatment of particular transactions proposed by a specific taxpayer will be confirmed by this Directorate in the context of an advance income tax ruling request submitted in the manner set out in Information Circular R7, Advance Income Tax Rulings and Technical Interpretations, dated April 22, We are, however, prepared to offer the following general comments, which may be of assistance.
The T form is not a prescribed form; therefore, you would be entitled to claim the overseas employment tax credit if you meet all of the conditions set out in section One of the conditions for claiming the credit is that for a qualifying period you must have performed all or substantially all of your duties of employment outside Canada in connection with a contract under which your employer carried on business outside Canada. In our view, the relevant contract for this purpose is the contract between ACo and BCo.
Without this evidence, we cannot conclude that all of the conditions in section If you decide to file either of these, we strongly recommend that you include the contract between your employer and the customer so that the relevant branch in CRA can ensure that the conditions in section As previously discussed with both you and your accountant, a Notice of Objection must be filed no later than one year from the filing-due date for the relevant taxation year subsection 1 of the Act. A T1-Adjustment must be filed no later than ten years after the end of the relevant taxation year subsection 4.
We note, however, that under subsection 4. This is distinguishable from subsection 3 of the Act under which the Minister shall reconsider an assessment upon receipt of a Notice of Objection, and either vacate, confirm or vary the assessment or reassess. If you intend to claim the overseas employment tax credit on any of your employment income from the recruiting company, we recommend that you also provide the contracts between ACo and the recruiting company, and the recruiting company and yourself.
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You are here Home 11 April External T. View modes Text of Severed Letter Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA. Position : Inconclusive Reasons : The employer has not issued a T, and we are not able to determine whether his duties of employment are in connection with a contract under which the specified employer carried on business outside Canada.
We trust that we have been of assistance.
T626 Tax Form: Overseas Employment Tax Credit
11 April 2017 External T.I. 2016-0655681E5 - Entitlement to OETC
T626: Overseas Employment Tax Credit