Tax Alerts

CRA Announces Self Review Letter Process

CRA has recently announced that it will be conducting a letter writing campaign to inform Canadians about their tax obligations.
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CRA Clarifies Views on Planning for Canada-US Tax Treaty Changes

At the Canada Revenue Agency Roundtable at the Canadian Tax Foundation conference, CRA clarified its views on certain issues arising from the Fifth Protocol to the Canada-U.S. Income Tax Convention.
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CRA Guidance on IFRS Startup and Tax Reporting

On June 4, 2010, the CRA issued new guidance on how the International Financial Reporting Standards (IFRS) will affect tax reporting.
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New ZR Subaccounts for CRA Reporting

Beginning January 2010 (effective for 2009 calendar year), everyone who issues T5, TFSA, SAFER, T5007, T5008, T5013, T5018** or RRSP slips must have an RZ account set up.
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Partnership Information Returns

On September 17, 2010, the Canada Revenue Agency (CRA) announced changes to the requirements for filing partnership information returns (T5013).
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CRA Focuses on High Net Worth Individuals

If you meet their criteria, CRA may select you and your related group to be audited as part of their Related Party Initiative (RPI).
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