CPA Canada, "Uncertain Tax Treatments (“UTT Proposals”)", 5 April 2022 CPA Canada Submission

Should be restricted to Canadian income taxes (pp. 4-5)

  • “Reportable uncertain tax treatment” should be adjusted to clarify that the...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

FX conversion methodology (p. 7)

  • Given that the definition of “reporting corporation” is based on whether the corporation has assets with a...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Continued reporting of same issue (p. 8)

  • Reporting should be required only in years where the computation of the corporation’s taxable income...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

S. 237.5(8) should apply only to factual information (p. 9)

  • S. 237.5(8) references “any information” relating to any transaction etc. to...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.