Will CRA accept a single form T106 for the period of 12 months ending on December 31, 2016 if that period consists of a taxation year ending on April 30, 2016 as a result of an acquisition of control and a taxation year ending on December 31, 2016 resulting from the choice of that year end by the corporation? If yes, is the filing deadline June 30, 2017? CRA responded:
[I]f the number of months from the start of the fiscal period until the new year end of December 31, 2016 exceeds 12 months, the CRA will require the filing of more than one T106. Otherwise, one T106 with a letter accompanying the form will be acceptable. …
Provided that the sum of the stub taxation years does not exceed 12 months, the CRA will accept the filing of the T106 form on June 30, 2017 (6 months after the December 31, 2016 year end).