Canadian tax authorities issue 2011 annual report on the Advance Pricing Arrangement (APA) program

Tax Insights ()

The Canada Revenue Agency (CRA) recently released its 2011 annual report on Canada’s APA program covering the fiscal period ended March 31, 2011.

The report provides a statistical analysis of the cases managed during the year and since the program’s inception in 1991. Following are highlights from the 2011 report: