This article is a summary of a CRA round table discussion held at the 2009 British Columbia Canadian Tax Foundation Conference in Vancouver, British Columbia. The round table provides practitioners and CRA officials an opportunity to discuss CRA policies on matters that regularly arise in daily practice. In 2009 the CRA commented on valuing private corporation shares, the internal reorganization of the CRA, the developments in the Voluntary Disclosure Program the value of the Tax Ombudsman’s office, obtaining Clearance Certificates for foreign property, the CRA’s assessment practice with respect to gross negligence penalties, and document retention at the end of audits.
The articles on this website reflect the authors understanding of the law at the time the article was written. The rules in tax law change regularly and the enclosed articles should be read for information purposes only. They do not necessarily represent the current state of the law. The Law must be applied to a particular set of facts. It is unsafe to draw conclusions about a particular set of facts without having them reviewed by a specialist.