Some people may have received an email in mid-December 2017 with a link to a CRA letter. The CRA letter does not confirm CRA is issuing Notices of Confirmation for all outstanding GLGI objections. It is our understanding that the email was not sent by GLGI, which is no longer carrying on business. If you have received a letter from CRA, you should contact your financial advisor. We cannot provide you with advice regarding your individual dealings with CRA.
The proposed class is to include any person who participated in the GLGI program between 2004-2014, with some exclusions. The status of your dealings with CRA will not affect your qualification for participation in the proposed class action.
Interest Relief Letters from CRA
It appears that CRA is delivering letters to some class members to let them know that it has agreed to provide some relief from interest on the reassessed taxes based upon delays of the Appeal Division in 2014 and again from March 22 to September 2016.
If you have not made an application for Taxpayer Relief, you may not receive the benefit of this recent decision. You should consult with your accountant or tax advisor about this. This is a link to CRA Form RC4288 the Taxpayer Request for Relief form.