SMP Committee collaborates with CRA’s SME audit group

Chartered Professional Accountants of Canada (CPA Canada)’s Small and Medium-sized Tax Practitioners (SMP) Committee is engaged in dialogue with Canada Revenue Agency (CRA)’s Small and Medium Enterprises Directorate. Read about their areas of collaboration.

The Small and Medium Enterprises Directorate (SMED) of CRA, and CPA Canada’s SMP Committee have agreed to take a collaborative approach that will help advance CPA Canada’s advocacy work on behalf of SMPs and their small and medium-sized enterprise (SME) clients.

The SMP committee acts as a resource to enable CPA Canada to respond to the needs of accountants who own or work in smaller firms. SMED is the directorate within CRA’s Compliance Programs Branch that is responsible for audits of SMEs and plays an important role in resolving national audit and assessment concerns raised by SMPs.

Given their mandates, collaboration between the two groups is well suited to addressing the concerns of SMPs and strengthening compliance among SMEs. Currently, the SMP Committee and SMED are engaged on several fronts, including:

  • tax simplification measures for SMEs
  • new and improved CRA services to tax practitioners
  • joint efforts in tax education and training

CPA Canada is working to forge similar collaboration between its various tax committees and working groups within CRA in areas such as commodity tax through liaison arrangements that foster regular engagement and accountability.

If you have ideas on issues that you would like to see us consider taking up with SMED, email Bill Dobson, senior advisor to the vice president — taxation.