If you owe tax under any of these rules, you must file Form RC339, Individual Return for
Certain Taxes for RRSPs or RRIFs, and pay that tax no later than 30 June of the following
year (e.g., 30 June 2015 for the 2014 taxation year).
Possible waiver of tax
The CRA may, at its discretion, waive all or a portion of the penalty taxes if it considers
it just and equitable to do so.
If you believe you may be subject to any of these penalty taxes, speak to your Frontline Accounting Solutions advisor.