Circular No. 1

Income Tax Returns

Issued: January 21, 1993

Subject

This circular revises and replaces directive #9R2 issued on January 4, 1991.

Purpose

1. The purpose of this circular is to provide trustees with Revenue Canada's document entitled "Processing of Bankrupt Taxpayer Income Tax Returns".
2. This document establishes guidelines with respect to the filing of income tax returns and provides information concerning communications with Revenue Canada.
3. It also addresses the GST credits; the "Family Orders and Agreements Enforcement Assistance Act"; and the Child Tax Benefit. It is to be noted that this Child Tax Benefit is not taxable and shall not be assigned, charged, attached, anticipated or given as security.
4. These guidelines are being issued as a result of discussions held with the Joint Committee on Bankruptcy, Bankruptcy Branch and Revenue Canada.
5. These guidelines will enable Revenue Canada to process insolvency income tax returns and assessments in an expeditious manner avoiding unnecessary delays in the administration of estates.

The Superintendent of Bankruptcy
George F. Redling