The measure extends the assessment period for group registered educational savings plan trusts that have made a particular relieving and retroactive election under proposed regulations under the Excise Tax Act.
Since the retroactive election would apply to the period from July 1, 2010, to July 22, 2016, the amendments ensure that the CRA is not statute-barred from assessing the past returns of the group RESP trusts that make the retroactive and relieving election. The amendments allow the CRA four years from when these amendments are made law to assess the GST/HST of these group RESP trusts, but only in respect of the tax consequences of the election.
The next measure deals with investment limited partnerships. I'm going to give you the clause numbers. They are clauses 41 to 43, 46, 49, and 54 to 59.
The measure ensures that the GST/HST treatment—