Canada Revenue Agency (Cra) πŸ‡¨πŸ‡¦

The Agency is now part of the portfolio of the Minister of National Revenue.. It was established in May 1871 under the Department of Finance. Later it was renamed to the Minister of National Revenue in 1918. There are two major branches to the Agency: the Taxation Branch and Benefits and Business Services Branch. Each division is responsible for different aspects of taxation 2️⃣ πŸ‘” !

Canada Revenue Agency (Cra)
Canada Revenue Agency (Cra)

The Taxation Branch is accountable for administering and collecting personal and corporate income taxes Value Added Taxes excises, special taxes in addition to penalties and interest on overdue taxes πŸ”›. They also manage programs like Canada Child Tax Benefit Disability Tax Credit Enhanced Basic Personal Amount GST/HST credits Employment Insurance and Working Income Tax Benefit; in addition they manage International Tax and Treaty Division Regulatory Services Directorate Charities Directorate Excise Unit and GST/HST Programs Unit πŸ‡¨πŸ‡¦ πŸ§’ 🌐.

The Canada Revenue Agency has wide-ranging powers and responsibilities πŸ‡¨πŸ‡¦. The Agency can issue administrative notices, demands, and judgments in order to administer tax laws and regulations . It features the power to conduct audits, request and examine books, and records, assess taxes, and penalties, and even levy seizure of property . The Agency also has the authority to enter into agreements with other countries and institutions to facilitate cooperation in the field of taxation.

Canada Revenue Agency (Cra) from Pexels , user Andre Furtado
Canada Revenue Agency Cra from Pexels , user Andre Furtado

The Canada Revenue Agency is a customer-focused agency dedicated to providing quality service to all Canadians. They strive to provide taxpayers with the fair, efficient, and transparent service that they need. The Agency works hard to ensure that that all taxpayer information is kept secure and confidential and that taxpayers are treated fairly and impartially in all dealings with the Agency.

The Agency oversees licensing and registration programs, issues permits and certificates, collects statistical data, and promotes compliance with Canada’s income and consumption taxes, in addition to administering tax laws and collecting, processing, and paying benefits and credits to eligible Canadians . The Agency assumes a leadership position in the provision of services to Canadians and works to satisfy a diverse population.

The Canada Revenue Agency is an important part of the Canadian government’s commitment to our citizens and businesses to ascertain that taxes are collected and allocated to the right areas of the economy πŸ‡¨πŸ‡¦ 🍁. The Agency’s activities contribute significantly to the well-being and prosperity of Canadians . By providing fair and equal access to tax laws and benefits and credits, the Canada Revenue Agency helps to promote economic growth, fiscal transparency, and fiscal responsibility πŸ‡¨πŸ‡¦. . .

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2️⃣ πŸ‘” πŸ”› πŸ‡¨πŸ‡¦ 🌍 πŸ§’ 🍁 ️

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