The Canada Revenue Agency (CRA) recently shared an advisory that it is using country-by-country reporting to more effectively identify Transfer Pricing and Profit Shifting Risks. It is working with international partners, including a recent agreement with the U.S., to improve global tax transparency and address income tax base erosion and profit sh..
Do you use form RC59, Business Consent, to get online access to your business clients’ information in Represent a Client? If you do, here are three important things you should know: After May 15, to request online access to tax information for a business, you will need to complete the authorization request in Represent a Client. Form RC59 wil..
The Canada Revenue Agency has provided a list of important changes for tax professionals and tax preparers for the 2017 tax-filing season. Here’s what you need to know:..
The questions and answers from the 2016 CRA Roundtables are now available...
CRA officials offered some important updates for small and medium-sized enterprises (SMEs) during CPA Canada’s Tax Audit Compliance Program for SMPs webinar held earlier this year. It sparked plenty of questions: about common errors, tax preparer registration, CRA’s Liaison Officer Initiative and the underground economy. Now CPA Canada has pr..
New reporting lines on Form GST34-3, Goods and Services Tax/Harmonized Sales Tax (GST/HST) Electronic Filing Information As part of its ongoing effort to better serve businesses and simplify its electronic services, starting May 16, 2016, the Canada Revenue Agency (CRA) changed the way business can report different types of income on line 101 of th..
The Canada Revenue Agency (CRA) has offered tax relief to those individuals, businesses and first responders affected by the Fort McMurray wildfires...
Business representatives can submit authorization requests online using Represent a Client...
Budget 2015 introduced changes for registered charities concerning their partnership holdings. A registered charity can invest in limited partnerships and maintain its charitable status if it meets these conditions: the charity is a limited partner of the partnership; the charity—together with all non-arm’s length entities—holds 20% or less o..
Did you know you can now file 10 more trust forms electronically using the Canada Revenue Agency’s secure Internet File Transfer..