CRA

CRA and country-by-country reporting

CRA and country-by-country reporting

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..
An important change to form RC59 as of May 15

An important change to form RC59 as of May 15

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..
CRA changes affecting your GST/HST return

CRA changes affecting your GST/HST return

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..
Registered charities and limited partnership holdings

Registered charities and limited partnership holdings

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..