• Service: Tax, Global Transfer Pricing Services, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 10/16/2013

Canada - APA report, statistics for 2012-2013 

October 16: The Canada Revenue Agency (CRA) released an annual report on the advance pricing arrangement (APA) program for 2012-2013.

The APA report results (for the year ended 31 March 2013) appear to indicate that the CRA is shifting its priorities from its focus in many recent years.

  • The statistics show that the CRA focused on completing APAs previously accepted into the program, and spent less effort on bringing new taxpayers into the program.
  • The detailed pre-file package review first instituted by the CRA in 2010-2011 increases the likelihood that applicants are accepted into the program.

According to the CRA's report, taxpayers made 24 applications to the APA program in 2012-2013 and 21 APA applications were formally accepted into the program. (compared 34 applications and the CRA accepted 17 cases in 2011-2012).

Read an October 2013 report prepared by the KPMG member firm in Canada: Canada's APA Program - CRA Completes Record-High APAs in 2013

Contact a tax professional with KPMG's Global Transfer Pricing Services.

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