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The Canada Revenue Agency ( CRA; French: Agence du revenu du Canada; ARC) is the revenue service of the Canadian federal government, and most provincial and territorial governments. The CRA collects taxes, administers tax law and policy, and delivers benefit programs and tax credits. [4] Legislation administered by the CRA includes the Income ...
Corporate tax in Canada. Corporate taxes in Canada are regulated at the federal level by the Canada Revenue Agency (CRA). As of January 1, 2019 the "net tax rate after the general tax reduction" is fifteen per cent. [1] The net tax rate for Canadian-controlled private corporations that claim the small business deduction, is nine per cent.
CRA International, Inc. CRA International, Inc. ( doing business as Charles River Associates) is a global consulting firm headquartered in Boston. [2] The firm provides expert testimony and litigation support, strategic advice, and analysis to law firms, corporations, accounting firms, and governments. [3]
NETFILE is a transmission service that allows eligible Canadians to submit their personal income tax return to the Canada Revenue Agency using the Internet. Tax returns filed via NETFILE must first be prepared using a NETFILE-certified product. The software or Web application produces a .tax file, which must then be uploaded to the CRA ...
English and French. The FATCA agreement is an international agreement signed between Canada and the United States that allows the implementation of the Foreign Account Tax Compliance Act (an Act of the U.S. Congress) in Canada. It is one of 30 intergovernmental agreements the US has concluded with other countries to implement the FATCA.
Common Reporting Standard. The Common Reporting Standard ( CRS) is an information standard for the Automatic Exchange Of Information ( AEOI) regarding financial accounts on a global level, between tax authorities, which the Organisation for Economic Co-operation and Development (OECD) developed in 2014. Its purpose is to combat tax evasion.
Certified Risk Analyst. Certified Risk Analyst ( CRA) is a risk management professional designation offered by the Global Academy of Finance and Management (GAFM). CRA risk management training and certification is available in New York, California, Asia, the Middle East and other locations. [1] [2]
T1 General. The T1 General or T1 (entitled Income Tax and Benefit Return) is the form used in Canada by individuals to file their personal income tax return. Individuals with tax payable [1] during a calendar year must use the T1 to file their total income from all sources, including employment and self-employment income, interest, dividends ...
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