Mandatory or Preventive Disclosure of Tax Planning
This form is intended for a taxpayer or partnership that is required to make a mandatory disclosure or elects to make a preventive disclosure with respect to a transaction or a series of transactions (hereinafter “transaction”) carried out by the taxpayer or the partnership.
Such a disclosure, whether mandatory or preventive, will not be considered an admission by the taxpayer that the taxpayer is not entitled to the tax benefits resulting from the transaction.
Where the general anti-avoidance rule (GAAR) applies to a transaction, if a duly completed disclosure form is filed by the prescribed deadline, the taxpayer can avoid an extension of the time limit after which Revenu Québec can no longer make a reassessment, as well as the imposition of penalties with respect to the transaction disclosed.
Revenu Québec requires corporations established in Québec to file forms in French. If you are a corporation, click TP-1079.DI to access the form to be completed.