Can the date of the filing deadline be made flexible? i.e., the filing deadline for T1159 (Income Tax under Section 216) is June 30 which I change by overriding. Can you include this date as well so I don’t have to override?
Reading the T4144, Income Tax Guide for Electing under Section 216, it is not that clear cut so I think it best to leave it to the user to advance the date by simply overriding to June 30th. if applicable:
"Section 216 return due date
Generally, you have to send the CRA your Section 216 return within two years from the end of the year that the rental income was paid or credited to you.
If you sent the CRA Form NR6 for 2023 and the CRA approved it, you have to file your 2023 Section 216 return on or before June 30, 2024, and include the income and expenses from all of your Canadian rental properties.
Whether or not you completed Form NR6, you must file a Section 216 return for 2023 by April 30, 2024, if both of the following conditions apply:
- You disposed of rental property in 2023 that you had previously claimed capital cost allowance (CCA) for
- You are including the recapture of CCA on your 2023 return"