Forewarned, Forearmed: Tougher Tax Authority Assessing Practices

View this page in: Français

Your challenges

In this time of increasing economic instability, the Canada Revenue Agency (CRA) is becoming tougher and more focused, which requires new ways to prepare and defend your company’s filing positions. With tax authorities becoming more aggressive in their assessments — and with the CRA and provincial authorities pushing for costly reassessments — companies are being forced to walk the high wire as they struggle to deal with challenges to their tax positions.

In other words, you want to know how much tax you’re paying on a transaction and you want to know precisely what the authorities expect of you — and with relative ease.

To add balance to your steps, you need an advisor who can:

  • Better inventory your current tax exposures
  • "Freshen up" historical filing positions
  • Respond to legislative changes in corporate tax and transfer pricing rules
  • Carry out an “audit defence” assignment to identify tax overpayments in order to prepare for potential assessments
  • Assist you in speeding up resolution of the process

How PricewaterhouseCoopers can help

We can assist in the negotiation of a settlement, provide you with timely discussion around your tax filing issues, and ultimately, facilitate your settlement. We’re ready to answer any and all of your questions.

For further information or if you would like to have a PwC tax professional contact you, please send an email to PwC Tax Opportunities.

This communication is intended to inform readers of developments as of the date of publication, and is neither a definitive analysis of the law nor a substitute for professional advice. Readers should discuss with professional advisers how the information may apply to their specific situations.

This communication may be displayed or printed only if for personal non-commercial use and unchanged (with all copyright and other proprietary notices retained). Unauthorized reproduction is expressly prohibited.