Any update to Canada's tax system influences CRA's ability to carry out audits, ease disputes and respond to ongoing priorities. Chris Mines is joined by Josh Kumar, a tax litigator, and partner with Aird Berlis. They highlight key announcements in the 2022 Fall Economic Statement, and they examine some of the pressures facing the tax resolution process.
Some of the topics covered in this course include:
CRA priorities and the appeals backlog
A walkthrough of the limitation period
Estimated wait times for low, medium, and high-risk audits
An overview of the corporate tax on share buybacks
CRA misconduct, the Taxpayers Bill of Rights, and more!