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

Tax Controversy & Dispute Resolution ()

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: