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Mandatory Disclosure Rules (Bill C-47) (Recorded September 15, 2023)

Mandatory Disclosure Rules (Bill C-47) (Recorded September 15, 2023)

$128.00

** This session was recorded September 15, 2023 and has not been updated for the designated notifiable transactions list as posted underNotifiable transactions designated by the Minister of National Revenue‘**

Reporting requirements are now in place for ‘reportable’ and ‘notifiable’ transactions entered into after June 22, 2023. Additional reporting requirements, for large corporate taxpayers, related to uncertain tax treatments for tax years ending after 2022 are also effective but expected to be less applicable to smaller private clients.

As there are significant penalties for failing to report, for both the taxpayer and the advisor, it is important to understand what falls into each of these categories. Shane Schepens, will spend time going through the various reporting requirements, examples of transactions or tax planning which may fall under these reporting requirements and related practice management considerations.

In this session we will cover:
  • Reportable and notifiable transactions

  • Process for reporting to CRA

  • Consider avoidance transactions and the application of GAAR

  • Practice management considerations including confidentially, privacy and privilege

 

Upon purchase, the course material and session recording will be available to you through your account.  This can be accessed from our website www.clearlineconsulting.ca under ‘My Account’. Once you complete the session and the quiz a CPD certificate will be available for download.