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.
The Part XVIII Information Return (slips and summary) must be filed before May 2nd of the following calendar year to which the information return applies.
When the due date falls on a Saturday, a Sunday, or a public holiday recognized by the CRA, we consider your return to be on time if we receive it on the next business day. Your return is considered on time if we receive it or if it is postmarked on or before the next business day.
For example, returns for the 2020 tax year are due before May 2, 2021. Since May 1, 2021 is a Saturday, the due date is May 3, 2021.
As of May 2021, the procedures to target records for an amendment, cancel or fix return have been updated. When filing an amendment, cancel or fix return it is critical that the correct reporting financial institution record be targeted to avoid errors. As such, financial institutions are required to keep track of which slips belong to which reporting financial institution record. For more information, go to After you file a Part XVIII or Part XIX Information Return.
Also effective May 2021, you can no longer file an amended return without a slip. You can now cancel the reporting financial institution record, but only if all of the associated slips are cancelled.
For more information, go to Completing Part XVIII Information Return slips and summary and the XML specifications.
- Registering for a U.S. identifier or CRA program account
Do you need a separate BN RZ program account? Did you know you need access to My Business Account or Represent a Client? Do you need a Web access code?
- Completing Part XVIII Information Return slips and summary
Substantial variations from other information returns and how to complete account holders' slips and summary information.
- Electronic filing only by using Internet file transfer (XML) or Web Forms
Filing by using the Web Forms and Internet file transfer (XML) applications, XML specifications and schema.
- After you file a Part XVIII or Part XIX Information Return
Amending, cancelling or adding records, accessing your list of incomplete records on the CRA login services (My Business Account or Represent a Client).
- Penalties and interest
Late filing and failure to file, failure to provide information, using the identification number, interest, cancelling or waiving penalties and interest, notices.
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.
If you need help
For more information on the electronic transmission of the return or the content, call 1-800-959-5525.
- Enhanced Financial Account Information Reporting
- Guidance on the Canada-U.S. Enhanced Tax Information Exchange Agreement
- Intergovernmental Agreement for the Enhanced Exchange of Tax Information under the Canada–U.S. Tax Convention
- Income Tax Act: Part XVIII – Enhanced International Information Reporting
- IRS FATCA Registration
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