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Canada Revenue Agency No Longer Requiring Taxpayers to pay Cost Recovery Charge for APAs

|Approved Changes|Canada
Canada

The Canada Revenue Agency (CRA) reportedly announced on 5 February 2021 that it is no longer requiring taxpayers to pay a cost recovery charge to cover the CRA's estimated out-of-pocket costs for completing the advance pricing agreement (APA) process. The change follows a review by the CRA of its cost-sharing model under the APA program, other tax authorities' best practices, and other factors …

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