CRA - CPA Alberta roundtable highlights

Each year, Canada Revenue Agency (CRA) officials answer questions from Alberta CPAs on income tax and GST/HST issues. Find out what topics were clarified at the 2015 roundtable event.

Each May, CPA Alberta hosts CRA personnel and representatives from the CPA profession for two concurrent roundtables focusing on technical GST and income tax matters.

The questions and answers discussed at the roundtables address multiple income tax topics.

TOPICS INCLUDE:

  • owner-managed business audits
  • CRA technical positions and internal CRA coordination
  • penalties and penalty relief
  • common areas of audit review and adjustments
  • Liaison Officer Initiative
  • “Represent a Client” system
  • automobile allowances
  • direct deposit for personal tax refunds
  • legal addresses attached to CRA Business Numbers
  • online business registration
  • audit selection process
  • alternatives under “My Payment” system
  • special assessments program
  • scientific research and experimental development — salary or wages

GST/HST TOPICS COVERED IN THE ROUNDTABLE INCLUDE:

  • effective date of form RC4616 election
  • rebates and documentation
  • additional information to support claims
  • description of property acquired
  • Appeals Directorate process
  • corporate purchasing
  • section 296 (prohibition against claiming unclaimed credits on future returns) and policy 149R (requests for adjustments)
  • input tax credits for GST payable
For information, contact CPA Alberta’s Director of Professional & Career Services, Larry Brownoff, CPA, CA.

Highlights

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Jointly presented by CPA Canada and CPA Ontario, The ONE is the must-attend, multi-track event of the year, designed for all CPAs who want to be at the top of their game.