December 18, 2017
All Tax Articles

In January 2014, the Canada Revenue Agency (CRA) began consultations on whether to introduce a system that requires anyone who prepares tax returns for a fee to be registered with the CRA. (Some other countries, including the United States, already have such a requirement.) We reported on this in our March 2015 Tax Letter.

The CRA now says it’s “considering other options that would serve to implement the objectives of the proposed Registration of Tax Preparer Program (RTPP) through existing CRA programs and initiatives at lower costs.”

Note that a form of registration is already effectively required. Any tax preparer who prepares more than 10 individual returns or 10 corporate returns is subject to a penalty if those returns are not filed electronically. And filing electronically requires the preparer to register for the CRA’s “E-File” system. However, there are no training or qualification requirements, other than not having been involved in offensive or fraudulent tax activities.

This letter summarizes recent tax developments and tax planning opportunities from a third-party affiliate; however, we recommend that you consult with an expert before embarking on any of the suggestions contained in this blog post, which are appropriate to your own specific requirements. Please feel free to get in touch with Lee & Sharpe to discuss anything detailed above, we would be pleased to help.
Douglas K. DeBeck

Hello, my name is Douglas K. DeBeck, I am a partner at Lee & Sharpe.

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