Mandatory Disclosure Rules (Bill C-47)

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.
Date Sep. 15, 2023 | Time 9AM – 11AM PT | Online | $158
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

Facilitator: Shane Schepens, CPA, CA

Intended participant: This session is for all practitioners who may fall under the mandatory reporting obligations.

Verifiable CPD Hours: 2.0

Ethics Hours Included: 0.5