Cathy Hawara (Assistant Commissioner of Compliance) just announced that CRA will create an oversight committee to work with the proposed CRA audit powers announced in the 2024 Federal budget and introduced in draft legislation in August 2024.
Objective of committee is to ensure oversight and consistent application of the proposed rules if they become law to ensure that CRA is using these new audit powers in appropriate situations.
This particular issue was brought forward to CRA in our Joint Committee on Tax Administration, and it is great that CRA is responding to our concerns raised.
Originally posted on LinkedIn on December 2, 2024
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John Oakey
Chartered Professional Accountants of Canada
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