How to complete and file a Part XVIII Information Return – International Exchange of Information on Financial Accounts slips and summary

Under Part XVIII of the Income Tax Act, Canadian financial institutions are required to:

The following information relates to the reporting aspect — how to complete and file the new return. These instructions are to be used in conjunction with the Guidance on Enhanced Financial Accounts Information Reporting – Part XVIII of the Income Tax Act, XML specifications and schema. The guidance document provides details on due diligence and reporting obligations. It is also designed to help financial institutions prepare for the release of that information return.

Due date

The Part XVIII Information Return (slips and summary) must be filed before May 1st of the following calendar year to which the information return applies.

When a due date falls on a Saturday, Sunday or public holiday recognized by the CRA, your return is considered on time if the CRA receives it or if it is postmarked on or before the next business day.

For example, returns for the 2020 tax year were due before May 2, 2021. Since May 1, 2021 was a Saturday, the due date was May 3, 2021.

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Electronic mailing list

Subscribe to Electronic mailing list - Enhanced financial account information reporting to receive an email notice when new or updated information is posted on our website.

If you have any questions, go to Contact the Canada Revenue Agency (CRA).

If you need help

For more information on the electronic transmission of the return or the content, call 1-800-959-5525.

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