Canada Revenue Agency Announces Policy on Access to Tax Accrual Working Papers
May 31, 2010

  

With only slightly less controversy than that over Schedule UTP, Canada Revenue Agency has announced a policy on acquiring access to information from taxpayers, registrants, and third parties.  The policy, which was released in early June, has been under review for several years.  TEI representatives discussed a draft of the policy with CRA in February 2009, urging restraint in requests for tax accrual workpapers.  Although CRA declined to create an exception similar to the U.S. IRS policy of restraint, the policy affirms that requests for tax accrual workpapers are “not routinely required” and the litigation and solicitor-client privileges are clarified.  TEI is monitoring CRA’s implementation of the policy.  A copy of the policy can be accessed here.