On 1 June 2021, the Canada Revenue Agency (CRA) released Information Circular IC71-17R6 Competent Authority Assistance under Canada’s Tax Conventions, replacing and cancelling Information Circular IC71-17R5, issued 1 January 2005.
Among other items, the new Information Circular (IC) includes significant changes from the CRA’s prior guidance or confirms its known positions on the following topics:
- Mutual Agreement Procedure (MAP) filing procedures
- Timing of Accelerated Competent Authority Procedure…