Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
Principal Issues: Can the CRA provide an update on the Folios Project?
Position: Comments provided.
2017 CTF Annual Conference
CRA Roundtable
Question 7: CRA Update
Can the CRA provide an update on the Folios Project?
CRA Response
In 2013, the CRA introduced Income Tax Folios which are web-friendly technical publications that present the Agency’s interpretation of the law, and that summarize recent tax court decisions and technical positions adopted by the CRA up to the date of the folio’s publication.
The CRA undertook the Income Tax Folios Project to gradually phase out and replace IT Bulletins and Income Tax Technical Newsletters (ITTNs). When the project began, 265 related IT Bulletins were identified as being in need of update. The initial folios workload was prioritized for action based on considerations that included:
- feedback received through internal and external consultations to identify the public need for guidance in each technical subject area; and
- the availability of resources to prepare the required updates.
Since 2013, 39 folios have been published and many more are under development. The process for preparing each folio is time consuming as it requires detailed technical preparations on many complex issues, along with consultations within the CRA and with other government departments before each folio is published.
M. P. Baldwin
2017-072426
November 21, 2017
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