Tax Alerts
CRA has recently announced that it will be conducting a letter writing campaign to inform Canadians about their tax obligations.
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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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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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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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On September 17, 2010, the Canada Revenue Agency (CRA) announced changes to the requirements for filing partnership information returns (T5013).
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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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