Application for a Tax Shelter Identification Number
Before issuing or selling an interest in a tax shelter or accepting consideration in respect of a tax shelter, the partnership, as the promoter, must apply for an identification number using form TP-1079.2-V, Application for a Tax Shelter Identification Number and Undertaking to Keep Registers, unless an application has already been filed by another promoter for the same tax shelter.
The fact that an identification number has been assigned does not confirm that an investor is entitled to claim tax benefits related to the tax shelter.
When we assign an identification number to a tax shelter further to an application, we also indicate the calendar year to which the number applies. Consequently, the partnership must issue or sell shares in the tax shelter, or accept consideration related to the tax shelter, within that calendar year. The partnership will have to obtain a new identification number in order to issue or sell shares in the tax shelter or accept consideration related to the tax shelter in a subsequent calendar year.