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:

  • apply due diligence procedures to identify U.S. reportable accounts and accounts held by non–participating financial institutions; and
  • annually report to the Canada Revenue Agency (CRA) the information required on a Part XVIII Information Return.

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 2nd following the calendar year to which the information return applies. For example, returns for the 2016 tax year are due before May 2, 2017. If May 1st is a Saturday or a Sunday, your information return is due the next business day. 

What's new for 2018

As of January 2018, you will be able to enter a trust number in the "business number" field. We are also introducing the "fixed" return type for Part XVIII information returns.

For more information, go to Completing Part XVIII Information Return slips and summary and the XML specifications

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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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