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Canada speeding up completion time for advance pricing agreements, report shows

August-6-2018

Lawyer Kabir Jamal
Area Tax

Summary

Article originally published in MNE Tax, August 2018.

Excerpt from "Canada speeding up completion time for advance pricing agreements, report shows":

The Canada Revenue Agency (CRA) has released its Advance Pricing Arrangement (APA) Program Report for 2017, revealing reduced inventory of in-process cases and improved completion times.

The July 12 document makes it clear that the APA program will continue to be an important tool for Canadian taxpayers looking for ways to manage their transfer pricing risk.

The report provides an overview of the operational status of the Canadian APA program based on statistical and quantitative analyses of cases that were commenced, in progress or completed in the year, and highlights current CRA administrative practices, recent changes to the APA program as well as issues that may affect the future administration of the program.

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