STEP Canada: CRA provides update on audit activities
By Joanne Golden
The Society of Trust and Estate Practitioners (STEP Canada) held its 16th annual national conference on 16–17 June 2014 in Toronto. As it has in previous years, the conference featured a Canada Revenue Agency (CRA) Roundtable wherein two representatives from the CRA answered 19 questions about topical issues facing tax and estate practitioners and their clients.
The CRA was represented by Steve Fron (manager, Trusts Section, Income Tax Rulings Directorate) and Phil Kohnen (manager, Trusts Section, Income Tax Rulings Directorate).
The following is a summary of several of the questions and answers relating to audits and assessments…
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