18 November 2014 TEI Roundtable, 2014-0550351C6 - 2014 TEI Liaison Meeting, Q.E1 -- summary under Subsection 152(1.1)

After the questioner noted that "Finance would support an interpretation of subsection 152(1.1) that allowed a taxpayer to request that the amount of a loss be determined when the taxpayer files its return," CRA stated that the taxpayer can only request a s. 152(1.1) loss determination where "the Minister ascertains the amount of a taxpayer's non-capital loss for a taxation year to be an amount that differs from the one reported in the taxpayer's income tax return," so that such determination is unavailable "when a taxpayer files its return of income and the Minister accepts the return as filed."