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ARTICLE · 18 JANUARY 2012

Important Reminder - New U.S. Information Return Filing Deadline On January 17, 2012

Osler, Hoskin & Harcourt LLP
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As of January 1, 2011, U.S. and non-U.S. corporate issuers of certain securities were subject to new U.S. information reporting obligations. The deadline for filing this information return for 2011 was extended to January 17, 2012.

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Osler's Tax Group
Osler's Tax Group
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As of January 1, 2011, U.S. and non-U.S. corporate issuers of certain securities were subject to new U.S. information reporting obligations. The deadline for filing this information return for 2011 was extended to January 17, 2012. On January 5, 2012, the IRS released a final Form 8937 (and related instructions) that must be used by taxpayers to comply with this reporting obligation. The release of Form 8937 so close to the filing deadline as well as the continuing uncertainty regarding the manner in which the form is to be completed will mean that taxpayers subject to this filing requirement will need to act quickly in order to meet the January 17, 2012 deadline. Canadian public and private corporations who have U.S. stockholders are subject to these reporting requirements for 2011 unless an applicable exception is established. Failure to comply with these reporting requirements may result in substantial penalties.

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