On February 13, TEI filed comments with the Canada Revenue Agency regarding Draft Form RC312 – Reportable Transaction and Notifiable Transaction Information Return. TEI’s comments primarily concerned the volume of information required by the form as well as the unclear nature of several provisions on the form. TEI’s comments were prepared under the aegis of its Canadian Income Tax Committee, chaired by Steve Saunders of Atco. Benjamin R. Shreck, TEI tax counsel, coordinated the preparation of the Institute’s comments. To read the comment letter, click here.
