Completing Form T5001

As a tax shelter promoter, you have to use this form to apply for a tax shelter identification number. If a tax shelter has more than one promoter, only one promoter has to apply. However, you have to give information about the principal promoter.

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Mandatory information

You have to complete all the sections on Form T5001, Application for Tax Shelter Identification Number and Undertaking to Keep Books and Records. If there is not enough space for any section, attach a separate list or sheet. If you do not enter all the information the Canada Revenue Agency (CRA) asks for in each section, or do not send all the documents the CRA requires, the CRA may contact you to get the missing information. Missing information can delay our issuing a tax shelter identification number.

Note

Full disclosure is required of all documents relating to this application. All the information requested in Form T5001 and in the documents supporting your application is "prescribed information." If the information you provide for any section is insufficient, your application will be treated as invalid and the issuing of the tax shelter identification number may be delayed, or even refused.

The promoter has to provide the CRA with prescribed information on the application, including:

Detailed instructions

Where to send completed Form T5001

Important notice

The Tax Shelter Application Review Program has resumed its operations.

All T5001 Application for Tax Shelter Identification Number and Undertaking to Keep Books and Records forms may be submitted through the CRA’s secure portals including My Account, My Business Account, and Represent a Client or sent by fax to 902-370-4504.

Find more information on tax and benefits measures to help support Canadians during the COVID-19 pandemic. 

Send the completed application, documents, and information to:

Canada Revenue Agency
Compliance Division
Prince Edward Island Tax Service Office
1-30 Brackley Point Road
Charlottetown, PE  C1A 6X9

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