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Unformatted text preview: * Assessing and collecting tax is the job of the CRA * In order to asses tax, the CRA must interpret the law, and its interpretations may sometimes conict with the intentions of the Income Tax Act * The CRA's interpretations of complex/controversial sections are made public though two primary publications - Interpretation Bulletins and Information Circulars * The interpretations published by the CRA are not law and can be disputed through the court system; however, they do reect current assessment policy and should always be an important factor when tax planning activities are being considered...
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This note was uploaded on 02/05/2012 for the course ACC 522 taught by Professor A.vena during the Spring '11 term at Ryerson.
- Spring '11